MUMBAI: Indian transnational conglomerate Hinduja Group has decided to invest (£3.5 billion) Rs 35,000 crore in Maharashtra across 11 sectors. The state Government last week signed a memorandum of understanding (MoU) in this regard with the Group.
According to officials, the conglomerate will make investments in 11 sectors, including renewable energy, media and entertainment, rural economic development, cyber security, commercial automobiles, banking-finance, health, infrastructure, education, manufacturing and new technology.
A statement from the CM’s office said, “Historic moment for Maharashtra: Hinduja Group will invest around Rs 35,000 crores in the state. Signing of MoU between Hinduja Group and Government of Maharashtra took place in the presence of Chief Minister Ekanth Shinde.”
The MoU was signed at Varsha, the CM’s official residence, in the presence of Hinduja Group’s GP Hinduja, Ashok Hinduja and Prakash Hinduja.
The Chief Minister thanked the Group for prioritising investment in Maharashtra. He said in the last two days, the Government had approved investment proposals worth Rs 70,000 crore through which over 55,000 youths will get jobs. “We are providing 75,000 jobs in Government departments, but also in the private sector. Due to these investments, jobs will be available.
The first phase of Samruddhi Mahamarg between Nagpur and Shirdi was inaugurated recently. This is not only a highway but a gamechanger project,” he said. Shinde further said, “Maharashtra has the largest number of start-ups in the country and has launched a one-window scheme for issuing licences to industries. Soon a law will be rolled out and the Government is also giving other incentives to industries.
Maharashtra, according to Shinde, has conducive environ-ment for investment and skilled manpower is available. “The Government and administration are committed to provide all facilities to entrepreneurs,” he said.
The Government, of late, has been criticised by the Opposition for the flight of projects from the state
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