Maha govt inks MoU with Blackstone, Panchsil for 3 projects

The Maharashtra government has signed an MoU with Blackstone and Panchsil SPV for three projects worth Rs 4,500 crore and generation of some 50,000 jobs.

Chief Minister Devendra Fadnavis, on a week-long tour of the US, said Blackstone will invest Rs 750 crore in EON Free Zone SEZ, Rs 1,200 crore in Hinjewadi Phase-3, Rs 1,500 crore in IT Park in Central Mumbai and Rs 1,050 crore in other IT parks in Mumbai.

"Big news! Investment of around Rs 4,500 crore & jobs up to approx 50,000 to be generated. Results of new IT policy being shown within a week itself!" Fadnavis tweeted.

"Coca Cola announces Rs 500 crore investment at Lote Parshuram in Chiplun MIDC, Maharashtra," he said, in another tweet.

Fadnavis also interacted with US industry executives from the US-India Business Council (USIBC) in New York. 

Hardselling Maharashtra as an investment destination, the Chief Minister reeled off opportunities in the state, along with the reforms to promote ease of doing business.

"The state eagerly awaits formation of JVs in important projects such as DMIC, smart cities, manufacturing, agriculture, aviation, engineering and IT," Fadnavis said while addressing the meeting.

He also said his government is committed to giving a boost to Make in India and Make in Maharashtra campaign and invited investors to be part of Maharashtra's growth story.