MoUs worth Rs 1.37 lakh cr signed in Davos for investments in Maha: Shinde

Maharashtra Chief Minister Eknath Shinde on Wednesday said Memorandums of Understanding worth Rs 137 lakh crore have been signed at the World Economic Forum WEF annual meeting in Davos in Switzerland and termed it as a big achievementThis will generate employment for one lakh people said Shinde who was in Davos to seek investments in MaharashtraThe MoUs will not remain just on paper he said adding that foreign investors have shown trust and faith in the state governmentThe MoUs have been signed in the fields of hitech infrastructure renewable energy electric vehicles steel manufacturing and agro food processing Shinde told reporters after returning to Mumbai on WednesdayThe CM said he had appealed to all to invest in Magnetic MaharashtraThe impact of Prime Minister Narendra Modis leadership and India was felt in Davos he said while terming his visit as successful and fruitfulShinde said MoUs worth Rs 137 lakh crore have been signed This is satisfactory and a big achievement Ours is the government of the common man The industrial policy which envisages singlewindow clearance capital subsidy GST subsidy will attract huge investment in the stateMaharashtra has huge potential for industrial development and the government will provide a red carpet welcome to the potential investors I appealed to all to invest in Magnetic Maharashtra he saidAlso Read Maharastra signs MoUs worth Rs 45900 cr on WEF day 1The government will extend all cooperation to the investors he addedShinde had gone to Davos to seek investments in Maharashtra where his government faced flak after some bigticket industrial projects moved to other states notably GujaratThe WEF is an international organisation for publicprivate cooperationThe forum engages foremost political business cultural and other leaders of society to shape global regional and industry agendas The regular winter meeting of the global body is being held after a twoyear coronavirus pandemicinduced hiatusThe CM said MoUs worth Rs 54276 crore were signed in the hitech and infrastructure sectors which will provide jobs to 4300 people agreements worth Rs 32414 crore were inked in IT and fintech sectors which will generate employment for 8700 people while pacts worth Rs 46000 crore were inked in renewable energy and electric vehicle sectors which will provide employment to 4500 peopleBesides investment commitments worth Rs 2200 crore were signed in steel manufacturing sector which will provide jobs to 3000 people and pacts worth Rs 1900 crore were made in agro and food processing sector which will facilitate employment for 600 people he saidIn the next two days more MoUs are expected to be signed Foreign investors have shown trust and faith in the state government The MoUs will not remain just on paper Land identification process for projects has already begun he saidShinde was welcomed at the Mumbai airport by his supporters and ministers Shambhuraj Desai and Deepak KesarkarThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever