Rs 15-lakh cr investment promises at Make in India

Maharashtra, which was the host state, alone received investment proposals of Rs 7.94 lakh cr and 3,294 MoUs

India has received investment commitments worth Rs 15.20 lalh core and 1.05 lakh business inquiries during the Make In India Week held in Mumbai. More than 102 countries and 17 states participated and over 800,000 people visited the mega event held on the 2,30,000 sq km area on the MMRDA grounds in Bandra Kurla Complex during February 13-18.

Maharashtra, which wass the host state, alone received investment proposals of Rs 7.94 lakh crore and 3,294 MoUs. These proposed investments will generate 3 million jobs in the state.

At the concluding day today the DIPP secretary Amitabh Kant told reporters that the Centre and states have succeeded in bringing manufacturing sector to the centre stage. "The week-long event created avenues for showcasing, connecting and collaborating for manufacturing in India, promoted an investment enabling environment, provided encouragement to Design, Innovation, Youth and Startups and provided a platform where global CEOs, think tanks, policy makers, diplomats and political leaders converged," he informed.

Kant said as many as 8,200 Business-to-Business, Business–to-Government and Government –to-Government meetings held during the week-long event. Some of the key deals concluded include Sterlite Group company TwinStar Display Technologies & MIDC for LCD manufacturing unit in technical collaboration with Autron of Taiwan, BAE Systems and Mahindra for assembling and testing of M777 Howitzers, ORACLE’s $400 million investment in India to set up 9 incubation centres.

This apart, the other deals include Ascendas' proposal to invest Rs 4,571 crore, Rs 1,400 crore investment by Raymond, M&M's Rs 8,000 crore, Rs 1,200 crore by Mercedes in Maharashtra.

Kant informed that the Centre released the Rs 2,200 crore Electronics Development Fund to finance innovations, research and development in electronics manufacturing sector. Besides, the  National Capital Goods Policy was unveiled. The ministry of roads and highways declared introduction of E tolling in 360 toll plazas across the country.

As far as Maharashtra government is concerned, the chief minister Devendra Fadnavis said the government has announced Maharashtra Retail Policy, Single Window Policy, Maharashtra Maritime Industries Policy. Electronics Policy covering FAB manufacturing and special package for SC/ST entrepreneurs.