The Hindu Business Line : Maharashtra gets Rs 72,000 cr worth investment proposals

Pune, Nov 18 Maharashtra has 78 mega projects with a proposed investment of Rs 72,000 crore over the next 18-24 months in the pipeline, and has attracted Foreign Direct Investment of Rs 70,750 crore over the last three years.

Tops FDI chart

The Chief Minister, Mr Vilasrao Deshmukh, maintained that the State received the highest FDI with a total of 3,933 proposals, and had also secured approval for 119 SEZs, the most number in the country in a single State. He was speaking on the sidelines of the inauguration of JCB’s new plant at Talegaon.

Bombay Rayon

Included amongst the mega projects is a Rs 1,100-crore investment by Bombay Rayon in the garments and textile business over the next two years.

As per an MoU signed with the State Government recently, the company is setting up plants at Islampur, Ichalkaranji, Nanded, Latur, Osmanabad and Kolhapur over the next two years, and a processing factory at Tarapur.

Land issue

Referring to farmers’ opposition to selling their lands to corporate clients, Mr Deshmukh said: “Since Pune farmers don’t want industry, they are going elsewhere.”

He also declined to comment on the fate of the Videocon SEZ at Wagholi, saying that a decision would be taken on the issue soon, and adding that Videocon was also investing Rs 350 crore at Latur to set up a plant to manufacture CFL lamps and tubes over the next year.

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