Maharashtra gets investment proposals worth Rs 8 lakh crore at MII

[] Maharashtra state has attracted investments worth about Rs 8 lakh crore during the ‘Make In India’ week, and has signed an MoU with MCHI-CREDAI for developing affordable houses in the MMR

The week-long Make in India (MII) event here has secured investment commitments worth Rs 15.2 lakh crore, with host state Maharashtra alone accounting for Rs 8 lakh crore. “We have signed many memoranda of understanding (MoU) with several companies across sectors to the tune of Rs 8 lakh crore during the ‘Make In India’ week,” Maharashtra chief minister Devendra Fadnavis, told reporters on the side-lines of the event recently (on February 17).

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The government today signed agreements worth over Rs 1,60,000 crore, 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. The MoUs signed by CIDCO were with Paradise Lifespaces LLP (Rs 3,000 crore), Citygold & Research Ltd (Rs 2,000 crore), Marathon Group (Rs 4,960 crore) and Wadhwa Constructions and Infrastructure Pvt Ltd (Rs 10,000 crore)

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Developers’ body MCHI-CREDAI also signed a pact to develop 5.69 lakh affordable houses in the Mumbai Metropolitan Region (MMR), 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 enable speedy execution of the projects,” Fadnavis said. The state is expected to generate a revenue of around Rs 75,000 crore, through taxes through this project, he added.

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Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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