Maharashtra eyes big ticket investment from its global summit

The state has also rolled out 12 new policies in past two weeks to boost investment and employment generation.

Published: 15th February 2018 06:34 PM  |   Last Updated: 15th February 2018 06:34 PM   |  A+A-

By Express News Service

MUMBAI: Maharashtra government is eyeing investments worth Rs 10 lakh crore to come to the state during its mega global investor’s summit ‘Magnetic Maharashtra: Convergence 2018’ beginning this weekend.

“The government mood is upbeat after being able to convert a whopping 61 per cent of Memorandum of Understanding (MOU) signed during the ‘Make In India’ global investor’s summit in 2016 into palpable investment outcomes,” said industries minister Subhash Desai while interacting with the media ahead of the summit that is slated to be inaugurated at the hands of Prime Minister Narendra Modi on Sunday (February 18).

The success has increased our expectations and we are eyeing an inflow of around Rs 10 lakh crore, he added.

“Out of around 4,500 industries that had signed MOU with the Maharashtra government two years back, as many as 2,121 are in various stages of industrial activity from indentifying the land for setting up industry to starting up the production and several more are in pipeline. Likewise out of around Rs 8 lakh crore worth investment that was to come to the state through these MOUs, around 4.5 lakh has already arrived,” the minister said.

The state has also rolled out 12 new policies in past two weeks to boost investment and employment generation.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp