Maharashtra’s IT sector attracts over ₹5,100-crore investments

Rahul Wadke Mumbai | Updated on January 09, 2018

The State is eyeing a revenue of ₹50,000 crore from IT parks

The Maharashtra government has managed to attract investments worth more than ₹5,100 crore in Information Technology and ₹829 crore in Information Technology Enabled Services (ITES) in the last three years, said a senior official with the government.

To provide jobs

The government introduced an IT and ITES policy in June 2015 to provide employment to one million people. It has also targeted a revenue of ₹50,000 crore from IT parks.

The official said that this policy has received good response, with Letter of Intent being issued to 1,261 business units and developers, who will be setting up 26 IT parks in the State.

The actual investment on the ground in the units is ₹479 crore. The IT developers are also waiting for a better traction in the real estate sector so that the parks could be expanded further. In February 2016, the policy for electronics manufacturing was introduced, under which Anil Agarwal of the Vedanta Group has committed $10 billion for an LCD manufacturing unit, the official said.

The LCDs would be made by Twin Star Technologies, a company promoted by Agarwal, which is expected to generate direct and indirect employment opportunities for over 30,000 people.

The mega project is in the planning stage, and the company is seeking various regulatory approvals.

The project is planned at the Butibori industrial area near Nagpur.

Published on November 30, 2017

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