Maha will ink MoUs worth Rs 4000 crore

The Maharashtra state government is going to ink Memorandum of Understanding (MoU)s worth Rs 4,167 crore with 13 leading companies and is expected to provide employment to 6,660 people. Industries minister Rajendra Darda said that Asian Paints is coming up with a plant in Satara with an investment of Rs 735 crore. This is expected to provide employment to 600 people. According to Darda, cement giant ACC is coming up with a Rs 1551.50 crore plant at Ghugus in Chandrapur creating 200 new jobs while Jaibharath Textiles and Real Estate Limited is setting up a plant worth Rs 503.39 crore in Wardha, employing 1,200 people. These MOUs will be inked soon to mark 50 years of Maharashtra. The MIDC on Monday has signed a Rs 2,600-crore MoU with tyre giant Bridgestone. Darda said that Abhay Kotex was coming up with a plant in Jalna, spending Rs 23.35 crore and providing employment to 270 people. Leading namkeen producer from Nagpur, Haldiram is expanding his business and a plant with an investment of Rs 61.21 crore is being set up at Kamptee in Nagpur district. It will create 575 new jobs. KCL industries is making an investment of Rs 501 crore and will provide 1,200 jobs. A senior MIDC officer said that the industrial growth was not restricted to the Mumbai-Pune-Nashik belt, but was also moving towards Marathwada and Vidarbha. On Monday, deputy chief minister Chhagan Bhujbal suggested that there must be overall development of the state. Meta Rolls and Commodities is setting up another plant in the Tadali industrial area of Chandrapur at a cost of Rs 87 crore (650 new jobs), Vaishnav Casting Private Limited is coming up with a factory at the Dindori MIDC area of Nashik by spending Rs 110 crore (710 jobs), Laurel Wires will create 285 new jobs by setting up a unit in Avdhan, Dhule by spending Rs 30 crore. Bedmutha Wire Company will set up a plant in Dhule with an investment of Rs 152.90 crore and 150 new jobs. Darda said that Polygenta Technologies, which produces yarn will create 200 new jobs with its new unit at the Dindori MIDC area of Nashik at a cost of Rs 270 crore.