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The Maharashtra Government would be entering into memorandums of understanding with four major automobile companies, which will bring in Rs 11,510 crore in investments in the State.
Later today, the State Government through its industrial development arm, Maharashtra Industrial Development Corporation, will enter into memorandums of understanding (MoU) with Tata Motors for an investment of Rs 4,000 crore and Mahindra and Mahindra for another Rs 4,000 crore investment. Similar MoUs would be signed for Rs 2,000 crore investment by Bajaj Auto and an investment of Rs 1,510 crore by German auto major Volkaswagen.
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