Over $220 billions investment commitments |
The Make in India Week - concluded here with investment commitments of over $220 billion, (INR 15,20,000 cr) main organizer, the union Department of Industrial Policy and Promotion claimed. DIPP Secretary Amitabh Kant said, Maharashtra will become the gateway of India.Maharashtra Chief Minister Devendra Fadnavis said over half of the investment commitments were for his state. He said they have signed many memoranda of understanding with several companies across sectors to the tune of Rs.8 lakh crore . Of the total investments committed , 30 percent are from foreign investors. The Maharashtra government had signed pacts worth Rs.6 lakh crore, which included Mahindra and Mahindra (Rs.8,000 cr), Mercedes (Rs.4,270 cr), Panchshil (Rs.5,000 cr), JSW Jaigarh Port (Rs.6,000 cr and RCF Chemicals (Rs.6,204 cr), among others.Other deals worth over Rs.1,60,000 crore, which include commitments from CIDCO`s two projects: Khalapur Smart City (Rs.7,909 cr)and townships in NAINA project area worth Rs.29,952 cr.The state government has also received commitments from retail players like Future Group (Rs.850 cr), Trent Hypermarket (Rs.400 cr), D-Mart (Rs.250 cr), Metro Shoes (Rs.50 cr), Shoppers Stop (Rs.50 cr) and Major Brands (Rs.50 cr).
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