Mumbai : Global auto majors are investing in Maharashtra. That reaffirms the industry’s trust in Maharashtra, which indeed is the number one state, Chief Minister Prithviraj Chavan said here on Thursday.

He was speaking at a function where four automobile players signed MoUs with the state government that will cumulatively invest Rs 11,510 crore. Industries minister Narayan Rane, Chief Secretary Swadheen Kshatriya along with other top officials from government departments and the industry were also present at the ocassion.

As per the agreements, Mahindra & Mahindra and Tata Motors will invest Rs 4,000 crore each while  Bajaj Auto and Volkswagen will invest Rs 2,000 crore and Rs 1,510 crore, respectively.

“This is the confidence that we cherish,” Chavan said adding that, Maharashtra has better infrastructure, better human resources compared to other states over and above that “no other state has offered a package of concessions like us,” he said.

“Investment in the production sector will create jobs. We are paying special attention to creation of jobs,” the chief minister said adding that the policy that attracted the investment will be enhanced further keeping in view the concerns of the industry.

Of all the four projects, three will be in Pune district and one at Waluj in Aurangabad. Total investment of all four projects puts together will result in employment opportunities for 6270 people.

These investments are attracted under the Industrial Mega Project Policy announced in June 2005. So far, 413 mega projects with an assured investment of Rs 3,23,802 crore has been brought in with potential employment opportunities for 3.62 lakh persons. Of the 413 projects, 114 projects have gone into production so far.

In the current year since April 2014, ten mega projects with an assured investment of Rs 2,702 crore with employment potential of 5,809 persons has been signed before today’s four mega projects were signed.

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Pune-Bangalore corridor to be linked with Konkan: CM

Chief minister Prithviraj Chavan said that the state has many plans to attract investments in various sectors and said that along with the development of Pune-Banagalore corridor, it would be connected to the Konkan region via 16 Km long tunnel between Karad and Chiplun. CM described this as a project close to his heart.


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