Mumbai : The Maharashtra government has signed a memorandum of understanding with 98 companies worth Rs three lakh crore, said state Industries Minister Subhash Desai on Saturday. Talking to reporters after attending the ‘Aura of AURIC’ conference organized here with Consul Generals of eight countries, he said that these MoUs will create more than three lakh jobs in the state. He further said, “The requisite land has been allotted to nearly 70 per cent of these companies. The investment is from nations like USA, United Kingdom, Germany, Italy, Russia and Japan. Maharashtra did not stop (in its path of progress) during the pandemic,” he said. The minister also informed that AURIC has got a permission to distribute electricity in the industrial areas of Shendra and Bidkin, and the rates would be cheaper than those in neigbouring states, making the region highly competitive for firms to invest in, he added. Auric or Aurangabad Industrial City is a multi-billion dollar corridor being developed as part of the Delhi-Mumbai Industrial Corridor. Earlier, speaking at the event, NITI Aayog chief executive officer Amitabh Kant said the area will attract investments due to the fast pace of infrastructure development, adding that AURIC will recycle 42 per cent of its consumed water and also have an e-land management system.
- Latest
