Maharashtra signs MoUs worth over ₹61k cr with 25 companies

Maharashtra State industry department on Tuesday signed Memoranda of Understanding with 25 Indian companies from various sectors, including textiles, steel, renewable energy, chemicals etc, for investments totalling over Rs.61,000 crore and promising over 2.5 lakh jobs.

With an investment of Rs.3,500 crore, Kirtikumar Steel Industry has promised to create 60,000 jobs in the state. It is the highest number of jobs that will be created if the investment comes through. Three IT industries with a cumulative investment of Rs.10,000 crore will create around 39,000 jobs. Since June, under the aegis of Magnetic Maharashtra 2.0, the state industry department has signed MoUs that will bring in over Rs.1.13 lakh crore. In June, the state signed MoUs worth Rs.16,000 crore. In November, the government signed MoUs worth Rs.30,000 crore. Chief minister Uddhav Thackeray was happy to note the department had crossed the Rs.1lakh crore investment target, and set a fresh target of Rs.2 lakh crore.

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