Maha gets investment proposals worth Rs 8 lakh crore

Maharashtra Chief Minister Devendra Fadnavis on Wednesday said the state has attracted investments worth about Rs 8 lakh crore during the ongoing ‘Make In India’ week.

“We have signed many MoUs with several companies across sectors to the tune of Rs 8 lakh crore during the ‘Make In India’ week,” he said.

A couple of days ago, the government signed pacts worth Rs 6 lakh crore, which included big commitments from Mahindra and Mahindra (Rs 8,000 crore), Mercedes (Rs 4,270 crore), Panchshil (Rs 5,000 crore), JSW Jaigarh Port (Rs 6,000 crore) and RCF Chemicals (Rs 6,204 crore), among others. The government on Wednesday signed over Rs 1,60,000 crore worth agreements, which include commitments from CIDCO’s two projects - Khalapur Smart City (Rs 7,909 crore) and township projects in NAINA project area worth Rs 29,952 crore.

Developers’ body MCHI-CREDAI also signed a pact to develop 5.69 lakh affordable houses in the Mumbai Metropolitan Region (MMR) area with a proposed investment of Rs 1.10 lakh crore.

“This MoU is in line with our aim to develop 11 lakh affordable homes in the MMR by 2020. We will act as a facilitator for the developers, who would submit their proposals under the scheme to develop affordable homes. We will ensure land and other clearances to ensure speedy execution of the projects,” Fadnavis said.