Maharashtra government targets Rs 4-lakh crore investments

Mumbai: Maharashtra is targeting to bag Rs 4-lakh crore in investments during the maiden Make in India (MII) week to be held in the country's financial capital from Saturday.

Nearly 8,000 Indian companies and multinational companies from 68 countries are expected to participate in the Make in India event.

The Tata group, Reliance Industries, JSW, GE, Boeing and JCB, among others, are the companies participating in the event. Apart from this, 49 nations and business delegations from 68 countries would also be present at the Bandra-Kurla Complex, where the event would be held between February 13 and 18. The Make in India centre, spread over 200,000 sq mt, will also accommodate 27 halls and pavilions for 11 focus sectors, 17 state exhibitions and several for other countries.

About 190 exhibitors would showcase manufacturing prowess across defence and aerospace, automobiles and auto components, chemicals and petrochemicals, construction, food processing, infrastructure, IT & electronics, industrial equipment and machinery, pharmaceuticals, textiles and MSME sectors. Some states, including Maharashtra, Jharkhand, Gujarat, Andhra Pradesh, will also hold investor summits.

The department of industrial policy & production is the event's nodal ministry and Maharashtra government the host state.

Chief Minister Devendra Fadnavis said the government would announce policies for ports, electronics and promotion of entrepreneurship among Scheduled Castes and Scheduled Tribes. "Our focus is on the Delhi-Mumbai Industrial Corridor, the multi-modal international cargo hub and airport at Nagpur and the textile sector. If we want to march on the path of development, we have to work together in agriculture, industry and the services sectors," he added.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.