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Maharashtra’s New Start At The Make In India Week: Rs 6.11 Lakh Cr In Investments

Make In India Week Maharashtra

Maharashtra chief minister Devendra Fadnavis had respond the after-effects of the fire at the Make in India Week, on 14 Feb. On Monday after all, Fadnavis announced the new start in the event’s investment line-up: 2,560 MoUs signed between the State government and investors, yielding Rs 6.11 lakh crore. This, he said, is the largest investment announcement by any state.

Anil Agarwal, promoter of London-listed Vedanta Resources, signed investments worth Rs 68,000 crore for an LED panel unit while Foxconn signed a MoU for Rs 35,000-crore investments in the State.

On the third day of the Make in India Week, the CM disclose five new policies in the sector like retail, SC/ST, electronics, single window and ports, and said industrialization is key for the growth of state. According to him, government is trying to achieve ease of doing business.

The Chief Minister observed that 50 per cent of employment in Maharashtra still comes from agriculture, which contributes only 11 per cent to the State’s GDP. As these sectors are incapable of providing employment opportunities, which would only come from the manufacturing sector.

During the course of the week, there will also be panel discussions over ‘Maharashtra Leading the Way to Promote India’s Manufacturing’ and ‘Make in Maharashtra – Laying the New Game Plan for Success’.

About Danny Diazion

Danny Daizion is a professional blogger, designer, and developer. He is working at Market n Reports as Web Data Associate. If you like his work, feel free to contact him Facebook, Google+. See his articles at medgadget.

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