Maharashtra signs MoUs with 25 firms worth Rs 61k cr

24 Dec 2020 CW Team

The Maharashtra Government recently signed memorandums of understanding (MoUs) with 25 national firms to bring investment worth Rs 61,042 crore in the state, estimated to create about 2.53 lakh job opportunities.

The companies are largely from steel manufacturing, IT parks, logistics, chemicals, renewable energy, and battery manufacturing industries.

The state has managed to attract an investment of Rs 1 lakh crore during this year. It was a target set by the Chief Minister (CM) Uddhav Thackeray. During November, the state government signed MoUs worth Rs 34, 850 crore with over 15 national and international firms. Earlier this year, MoUs worth Rs 16,300 crore were signed by the state government with 12 major companies while inaugurating Magnetic Maharashtra 2.0, the second phase of a global investors’ summit held in February 2018.

The largest investment deal was signed with JSW Steel, which is looking to expand its existing plant at Dolvi, located in Raigad district, and reach a capacity of 14 million tonnes per annum at an investment of Rs 20,000 crore.

Kirtikumar Steel Udyog, another steel manufacturer, has proposed a Rs 7,000 crore plant at Wada, Thane. Additionally, Indian Corporation Logistics intends to invest Rs 11,049 crore in Bhiwandi, Thane. Whereas, Inspira Infra Limited would invest Rs 7,500 crore at a plant-based in Aurangabad.

Exide batteries would invest Rs 500 crore in a plant in Phaltan, Satara.

Products

07 Oct 2025

Noise Blocker

M.A.D is a flexible, lead-free, high-density acoustic barrier that blocks low-frequency vibrations and noise, ideal for walls, ceilings, and floors in offices, hotels, gyms, studios, and industrial spaces. Available in 2mm–6mm variants.Contact: TIKIDANWebsite: https://tikidan.in/ ..

India’s Rs 370 Bn Petrochemical Expansion to Shift Asian Supply

India’s planned investments worth over USD 37 billion (around Rs 3 lakh crore) in the petrochemical sector are poised to reshape Asia’s supply landscape, according to a new report by S&P Global Ratings.The report noted that India’s drive toward petrochemical self-sufficiency mirrors China’s earlier expansion and could intensify competition in the region. “India’s capacity additions will significantly alter trade flows and increase competition among Asian producers,” said Ker Liang Chan, credit analyst at S&P Global Ratings.S&P estimated that public sector enterprises ..

Maharashtra Sets Up Authority to Boost Self-Redevelopment

The Maharashtra government has established a Self-Redevelopment Authority to support citizens in independently redeveloping old buildings, marking a major policy step for Mumbai and the surrounding metropolitan region.BJP legislator and Mumbai District Central Cooperative Bank president Pravin Darekar will head the new Authority, which will offer end-to-end guidance on project planning, funding, developer selection, and execution. The initiative follows the approval of the state’s New Housing Policy earlier this year, which allocated Rs 2,000 crore to promote self-redevelopment.Officials sai..