Maha gets investment proposals worth Rs 8 lakh crore at MII

Maharashtra Chief Minister Devendra Fadnavis today said the state has attracted investments worth about Rs 8 lakh crore during the ongoing 'Make In India' week.
"We have signed many memoranda of understanding (MoU) with several companies across sectors to the tune of Rs 8 lakh crore during the 'Make In India' week," he told reporters on the sidelines of the week-long event here.
A couple of days back, the government signed pacts worth Rs 6 lakh crore, which included big commitments from Mahindra and Mahindra (Rs 8,000 crore), Mercedes (Rs 4,270 crore), Panchshil (Rs 5,000 crore), JSW Jaigarh Port (Rs 6,000 crore) and RCF Chemicals (Rs 6,204 crore), among others.

The government today signed over Rs 1,60,000 crore worth agreements, which include commitments from CIDCO's two projects - Khalapur Smart City (Rs 7,909 crore) and township projects in NAINA project area worth Rs 29,952 crore.
Developers' body MCHI-CREDAI also signed a pact to develop 5.69 lakh affordable houses in the Mumbai Metropolitan Region (MMR) area with a proposed investment of Rs 1.10 lakh crore.
"This MoU is in line with our aim to develop 11 lakh affordable homes in the MMR by 2020. We will act as a facilitator for the developers, who would submit their proposals under the scheme to develop affordable homes. We will ensure land and other clearances to ensure speedy execution of the projects," Fadnavis said.

The state is expected to generate a revenue of around Rs 75,000 crore through taxes through this project, he added.

The government has received commitments from retail players like Future Group (Rs 850 crore), Trent Hypermarket (Rs 400 crore), D-Mart (Rs 250 crore), Metro Shoes (Rs 50 crore), Shoppers Stop (Rs 50 crore) and Major Brands (Rs 50 crore).
"The investments from the retail players is in line with the recently-released retail policy of the state," he added.
The government also signed a pact with MAB Aviation and its partner Radius Circle to launch the first-of-its-kind air ambulance service from the state.

"MAB Aviation will launch the first ever air ambulance services from Maharashtra. The company will launch its service from August and over the next two years it will expand its services across the country," Fadnavis said.