MIDC signs Rs.152.6 bn MoU at World Expo 2020 in Dubai

Maharashtra Industrial Development Corporation (MIDC) signed 25 MoU’s under Magnetic Maharashtra 2.0 at the World Expo 2020 in Dubai, with a planned investment of approximately Rs.152.6 bn. MIDC told that the MoUs are inked are for the essential sectors like logistics, auto and auto components, textiles, electric vehicles, pharma, data centre, biofuels, and energy. This planned investment has the potential to create direct employment of 10,851 people. Firms planning to fund in Maharashtra are from Singapore, Japan, Sweden, Germany, Korea and Italy.