Moneycontrol PRO
Black Friday Sale
Black Friday Sale
HomeNewsBusinessCompaniesCM aggressively pitches state as investment destination

CM aggressively pitches state as investment destination

Maharashtra Chief Minister Devendra Fadnavis has begun aggressively pitching the state as the most preferred investment destination and wants it to regain its position as an economic powerhouse in the country.

April 19, 2015 / 17:05 IST

Maharashtra Chief Minister Devendra Fadnavis has begun aggressively pitching the state as the most preferred investment destination and wants it to regain its position as an economic powerhouse in the country. After returning from his investment scouting visit from Germany, Fadnavis said that he sought maximum investments in infotech, manufacturing and agro-processing industries sectors to create thousands of jobs and wooing foreign companies to set up ventures in Maharashtra. "A huge positive sentiment has built up with regard to foreign investments.

Industries now want to keenly invest in India as they see their growth here. There were some apprehensions due to a legacy of the last ten years, but after direct interactions with Prime Minister Narendra Modi, their apprehensions are fading away," Fadnavis told PTI. "In Hannover (Germany), we have offered land to SQS (software testing company), which, if accepted, will create around 2,000 jobs.

Apart from that Bosch has agreed to take over 25 Industrial Training Institutes (ITIs) in Maharashtra where it will not only train people, but also employ all those trained," he said. Fadnavis said that positive talks have been held with Continental Tyres which has currently no presence here and that the company has promised to look at Maharashtra as an investment destination. "We also had a very good interaction with ABB Robotics (supplier of industrial robots, modular manufacturing systems and service).

We have invited them to set up robotics industries in Maharashtra. Volkswagen is a company that has investments here, but we have requested them to increase their presence in the state," Fadnavis said. He said that talks have also been held with automotive companies like Witte and Durr and that these companies have shown keen interest in Maharashtra.

"These companies are major automobile parts suppliers. We have requested them to start their production facilities in Maharashtra. For now, parts manufactured by them from elsewhere reach here.

This has to change," Fadnavis said.

first published: Apr 19, 2015 05:05 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347