Indian Economy News

Blackstone proposes to invest Rs 4,500 cr in Maharashtra

Mumbai: The BJP-led government in Maharashtra on Tuesday received investment proposal worth Rs 4,500 crore from global investment and advisory firm Blackstone during the ongoing visit of the Chief Minister Devendra Fadnavis. Of the Rs 4,500 crore, an investment of Rs 1,200 crore proposed in information technology park at Hinjewadi, Pune, Rs 1,500 crore in IT park in central Mumbai, Rs 1,050 crore in other IT parks situated in other parts of Mumbai and Rs 750 crore in SEZ project. The information was released by the chief minister's office.

Further, Coca Cola has proposed to invest Rs 500 crore to set up its facility at Lote Parshuram industrial estate, Chiplun in Ratnagiri district.

Meanwhile, Fadnavis in his address organised by the US India Business Council said the state government has taken a variety of measures to promote ease of doing business. He called upon the investors from the United States to be a part of Maharashtra’s growth story.

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