Maharashtra signs MoUs worth ₹16\,000 crore with 12 firms

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Maharashtra signs MoUs worth ₹16,000 crore with 12 firms

Our Burea Mumbai | Updated on June 16, 2020 Published on June 16, 2020

The Maharashtra government on Monday signed 12 MoUs with Indian and global companies including Exxon Mobil, Great Wall Motors and UPL Ltd, which will attract over ₹16,000 crore in investments to the State.

The MoUs signing was carried out over a video link, where Chief Minister Uddhav Thackeray and State Industry Minister Subhash Desai were also present.

Among the notable investments are the ₹760-crore facility of Exxon Mobil (America), which is expected to come up in Raigad, whereas Great Wall Motors of China could invest ₹3,770 crore for an automobile unit in Talegaon near Pune and Indian chemical major UPL Ltd could bring in a mammoth ₹5,000-crore investment at Shahapur again in Raigad district near Mumbai.

The State government also signed bilateral partnership agreements with the World Association of Investment Promotion Agencies (WAIPA) and the US India Partnership Forum (USISPF).

Published on June 16, 2020

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