Maha inks 32 MoUs for investment worth Rs 23,482 cr

Investors in proposed project will get incentives under state govt's Mega Project Policy announced in 2005

Congess-led government in Maharashtra on Thursday signed 32 MoUs with a total investmet of Rs 23,842 crore and creation of job opportunities for 20,197 persons.

The proposed investments are in the field of steel, automobile and auto components,  health, sugar, breweries, agri business and engineering. MoUs were signed in the presence on chief minister Prithviraj Chavan and minister of state for industries Sachin Ahir.

The government chose to organise the MoU signing function today despite MahaShivratri holiday sensing that the code of conduct for the ensuing Lok Sabha polls will be announced any time.

The investors in the proposed project will get incentives under the state government's Mega Project Policy announced in 2005. Uttam Steel anad Power to investment Rs 11,156 crore  to set up project to manufacture 1.5 MTPA hot rolled coil along with 40 MW captive power plant in Sindhudurg district.

The auto giant Mercedes Benz India has proposed an investment of Rs 1,500 crore to expand its project at Chakan in Pune district. Bosch Ltd, which is a group company of Robert Bosch GmbH has proposed investment of Rs 753 crore for setting up a project for the expansion  of manufacture of common rail injector capacity for heavy motor vehicles, motor vehicles and transport vehicles in Nashik district.

Moreover, Perkins India, a group company of Caterpillar will invest Rs 752 crore  to produce diesel and gas engines at Shendre, Aurangabad district. SCA Hygiene Products India  has proposed an investment of Rs 650 crore in five year period  to produce baby care products and other hygiene products  in Pune district.

The leading glonal provider of specialized products and engineering solutions Alfa Laval India will invest Rs 258 crore  to produce fabrication of process equipment. Chavan said the government will continue to efforts to make the investment process hasslefree especially through simplification of procedures and reduction in paper works. 

He informed that  the state under the Mega Project Policy has so far approved 403 projects with an assured investment of Rs 3,21,099 crore and creating employment opportunities for 3,57,000 persons. Of these mega projects, 114 projects have gone into production as on date. Chavan also inaugurated the Maharashtra Industry Trade and Investment Facilitation Cell.