Maharashtra Govt signs agreements with 25 companies to create over 2.5 lakh jobs

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Maharashtra Govt signs agreements with 25 companies to create over 2.5 lakh jobs
The concept of ‘Udyog Mitra’ is great, as it will resolve the problems of entrepreneurs on priority, leading to an increase in the speed of work, Chief Minister Uddhav Thackeray said.

Maharashtra Govt signs agreements with 25 companies to create over 2.5 lakh jobs

The Maharashtra Government on Tuesday signed memorandum of understandings (MoUs) worth Rs 61,000 crore with 25 Indian companies in more than 15 sectors under its ‘Magnetic Maharashtra’ initiative. MoUs signed are expected to create 2.53 lakh jobs across the Maharashtra state.

“The proposed investments are from IT, pharmaceuticals, healthcare, biotechnology, food processing, steel, automobiles, engineering and oil and gas sectors among others.”

Chief Minister Uddhav Thackeray said, “It is important that entrepreneurs invest in Maharashtra even in times of crisis. The investment of Rs 1,12,000 crore in just six months during the Covid-19 crisis is certainly a great example of Maharashtra for the entire country.”

He added that the concept of ‘Udyog Mitra’ is great, as it will resolve the problems of entrepreneurs on priority, leading to an increase in the speed of work.

MoUs signed also includes the JSW Steel Rs 20,000 crore, Indian Corporation Rs 11049 crore, and Rs 7500 crore each by K Raheja, Kirtikumar Steel Udyog, and Inspire Infra Projects. Industries Minister, Subhash Desai said that of the 29 MoUs signed earlier, 21 entrepreneurs have been given land for their projects.

“Efforts are being made to bring direct investment and increase employment. A relationship manager has been appointed for each industry to increase investment,” he added.

Earlier this year, the government had launched key investment promotion initiatives under ‘Magnetic Maharashtra 2.0’, such as Plug & Play Infrastructure, Maha Jobs, Maha Parwana, Investor First Program, Capacity Augmentation of MIDC land banks, and Dedicated Country Desks.

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In June, MoUs with an investment of Rs 17,000 crore were signed under ‘Magnetic Maharashtra 2.0’ while agreements of investment worth Rs 35,000 crore were signed last month. In November, the government signed MoUs worth Rs 30,000 crore.

Chief minister Uddhav Thackeray was happy to note the department had crossed the Rs 1 lakh crore investment target and set a fresh target of Rs 2 lakh crore.

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