Mumbai: The Maharashtra Government has managed to garner Rs 14,653 crore worth of investments at the Advantage Vidarbha investor meet on Monday. The two-day event was aimed at attracting industry into the region.
A press statement issued by the Maharashtra Chief Minister said that the industries department entered into 16 Memoranda of Understanding (MoU) with leading companies, while Maharashtra Industrial Development Corporation signed up another nine at Nagpur.
The prominent companies who have entered the MoU are power plant equipment manufacture BHEL with an investment of Rs 2,500 crore, and Ambuja Cement with an investment of Rs 3,300 crore; Manikgarh Cements would be investing Rs 1,500 crore and Bhushan Steel would be investing Rs 1,350 crore, it said.
Cotton hub
A business session during the meet ensured that delegates had a peek at the opportunities in Vidharbha’s textile sector , as the region produces about 66 per cent of the State’s cotton . The presentation showed how locally-grown cotton could be used to bring in additional efficiencies in the supply chain.
A session was also held on the opportunities in the automobile sector in the region. Nagpur, the principal city of the region, holds a lot of potential due to its centralised location and strong educational infrastructure which will fulfil the requirement of skilled labour. Opportunities were also discussed for tapping industrial zones of Butibori and Mihan, for developing auto ancillary units.
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