The Hindu Business Line : Maharashtra Govt signs 5 MoUs for Rs 6,000-cr investments

Mumbai, Feb .3 The Maharashtra Government has approved 135 mega projects since June 2005 which have brought in an investment of Rs 1.53 lakh crore. . The projects have potential to generate five lakh jobs in five to seven years, said Mr A Khan, Industries Secretary.

Mr Khan was addressing the media at a function on Tuesday, where five companies signed MoUs with the Government.

He said that 35 mega projects were approved in the current fiscal, of which 16 were given the go-ahead in the current month. The rate of implementation of projects is 51 per cent. Some of the companies which signed up today have already acquired land for the projects, “It just shows the level of confidence the industries have in the state” Mr Khan said.

The five new MoUs will bring in an additional investment of Rs 6,089 crore. The investment figure could increase with some of the companies further scaling up the investment over a period of time.

Mining major Ashapura would be investing Rs 4,200 crore in a 0.5 million tonnes capacity alumina refinery along with 0.15 million tonnes aluminium smelter at Rajapur in Ratnagiri district. Uttam Galva Metallics Ltd would be investing in Rs 1,096 crore in iron making facility having a capacity of 0.5 million tonnes in the back ward region of Wardha.

Topworth Pipes and Tubes Pvt Ltd would be setting up steel saw pipes facility in Raigad district with an investment of Rs 459 crore. Abhishek Corporation Ltd, which has major interest in textiles and infrastructure projects, would be investing Rs 217 crore in dyed yarn facility which will annually produce 8 million tonnes of yarn. Gopani Iron & Power (India) Pvt would be investing Rs 117 crore in a 75,000 tonnes/annum steel plant.

Also addressing the media, Mr Ashok Chavan, Chief Minister of Maharashtra, said that in spite of recession, the investments are flowing. “The State is already ‘vibrant’ we don’t have to prove it”. The backward districts such as Wardha and Ratnagiri would benefit from the new MoUs, he said.

Mr Chavan also announced that thenew IT policy would be announced in a few days.

More Stories on : New Projects | Investments | Maharashtra

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page