Bajaj Finserv signs MoU with Maharashtra govt to invest Rs 5,000 crore in financial services

MUMBAI: Financial services group Bajaj Finserv, has pledged a substantial investment of Rs 5,000 crore in Maharashtra, which is anticipated to result in the creation of 40,000 job opportunities within the state.
A Memorandum of Understanding (MoU) on the collaboration between Bajaj Finserv and the Government of Maharashtra was signed today. The MoU was signed in the presence of Devendra Fadnavis, deputy chief minister of Maharashtra, and Sanjiv Bajaj, chairman & managing director of Bajaj Finserv. The government has expressed its support for the project and its willingness to provide the necessary assistance for its successful implementation.
According to Bajaj, the company firmly believes in sustainable growth that does not compromise the environment. In alignment with their environmental, social, and governance (ESG) focus, the project will adhere to global sustainability standards, integrating green solutions and adopting a net-zero approach.
The Bajaj Finserv Campus in Pune will become an iconic landmark, housing state-of-the-art workspaces that align with Bajaj Finserv’s vision and values, the company said in a statement.
The project’s significant impact is reflected in the expected creation of 40,000 jobs, contributing to the continued development of Pune as a financial center. The project is scheduled to commence in 2023, ensuring connectivity and business facilities.
"Maharashtra gets one of the largest financial services' investment in the country.This will give a big boost to Pune to become the financial services hub. I assured complete support and speedy process from Govt for the execution,” said Fadnavis in a tweet.
Additionally, the project’s positive socio-economic effects will extend beyond Pune, creating new employment opportunities for various stakeholders, both locally and globally.