Investor summit: Maharashtra targets investments worth Rs 12 lakh crore

Tribune News Service

Mumbai, February 19

The Maharashtra Government is targeting investments worth Rs 10 to 12 lakh crore in various sectors like defence, infrastructure, aerospace, textiles and gem and jewellery under the ongoing Magnetic Maharashtra Investor Summit, Chief Minister Devendra Fadnavis said today.

Overseeing the signing of the first of several investment agreements between corporate houses in Maharashtra, the Chief Minister said more than two dozen companies would sign agreements over the next two days. He said some of the big agreements that were signed today included one between sports car manufacturer Lamborghini and Kinetic to manufacture electric cars in the state.

Fadnavis said the Gems and Jewellery Export Promotion Council was setting up a gem and jewellery park near Mumbai which would bring in investments worth Rs 14,000 crore.

The Chief Minister pointed out that some places in the state like Nagpur, Ahmednagar, Pune, Nashik and Aurangabad will be developed as defence manufacturing centres. He added that the Bin Zayed group of Dubai has already committed $7 billion for the Mumbai-Nagpur Expressway.