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Home   »   Maharashtra Puts On Hold Chinese Investment...

Maharashtra Puts On Hold Chinese Investment Worth Rs 5,000 Crore – Free PDF

 

 

Magnetic Maharashtra 2.0

  • To draw investments to the State, 12 MoUs worth ₹16,000 crore were signed on Monday in presence of Chief Minister Uddhav Thackeray.
  • Representatives of 12 countries, including China and USA, were present on the occasion.
  • Global companies in the field of engineering, car and spare parts manufacturing, information technology, logistics, chemicals, and food processing signed the MoUs.
  1. Exxon Mobil (Raigad, ₹750 crore),
  2. Heng Li Engineering (Talegaon Phase 2, ₹250 crore),
  3. Ascendas Logistics (Chakan, Talegaon, Bhiwandi, ₹560 crore),
  4. Varun Beverages (Supa in Ahmednagar, ₹820 crore),
  5. Hiranandani Group Logistics (Bhiwandi, Chakan, ₹150 crore),
  6. APG DC Data Centre (Mahape, ₹1,100 crore),
  7. Estek Electronics System Design (Ranjangaon, Pune, ₹120 crore),
  8. PMI Electro Mobility Solution (Talegaon, ₹1,000 crore),
  9. Isambe Logistics (Raigad, ₹1,500 crore),
  10. Rakbank Data Centre (Thane, Hinjewadi, ₹1,500 crore),
  11. UPL Chemical (Shahapur, ₹5,000 crore),
  12. Great Wall Motors (Talegaon, ₹3,770 crore).
  • Thackeray, who was in attendance via videoconference, said the government will fulfil its commitment and business houses will face no hurdles to set up industrial units.
  • “We are thankful to investors for choosing Maharashtra as their preferred destination. Today, we are signing MoUs worth ₹16000 crore. Projects worth ₹60,000 are in the pipeline and will be a reality soon,” he said.
  • The previous government had launched Magnetic Maharashtra with an aim to bring in investments worth ₹10 lakh crore.
  • While the then government had claimed to have signed several MoUs, the Opposition at the time had raised questions over the actual investments.
  • The signing of the MoUs took place just a couple days before the Galwan incident along the Line of Actual Control, where 20 Indian Army personnel were killed in violent clashes with Chinese troops.
  1. Exxon Mobil (Raigad, ₹750 crore),
  2. Heng Li Engineering (Talegaon Phase 2, ₹250 crore),
  3. Ascendas Logistics (Chakan, Talegaon, Bhiwandi, ₹560 crore),
  4. Varun Beverages (Supa in Ahmednagar, ₹820 crore),
  5. Hiranandani Group Logistics (Bhiwandi, Chakan, ₹150 crore),
  6. APG DC Data Centre (Mahape, ₹1,100 crore),
  7. Estek Electronics System Design (Ranjangaon, Pune, ₹120 crore),
  8. PMI Electro Mobility Solution (Talegaon, ₹1,000 crore),
  9. Isambe Logistics (Raigad, ₹1,500 crore),
  10. Rakbank Data Centre (Thane, Hinjewadi, ₹1,500 crore),
  11. UPL Chemical (Shahapur, ₹5,000 crore),
  12. Great Wall Motors (Talegaon, ₹3,770 crore).
  • Rs 3,770-crore MoU with Great Wall Motors (GWM) to set up an automobile plant in Talegaon near Pune.
  • PMI Electro Mobility in a joint venture with Foton (China) had announced a Rs 1,000-crore unit that would create 1,500 jobs.
  • Hengli Engineering for a Rs 250-crore investment as part of its phase II expansion at Talegaon, a project that will generate 150 jobs.

  • “The state government’s view is that a national policy vis-a-vis Chinese companies and products should be declared by the central government.
  • One state government should not take a decision, the decision has to be pan-India.
  • The state government is looking to the Centre to make an announcement in this respect,” Shiv Sena MP Sanjay Raut told The Indian Express.

  • “The decision has been taken in consultation with the Union
  • These were signed prior (to the killing of 20 Indian soldiers on the Indo-China border).
  • The ministry of external affairs has advised not to sign any further agreements with Chinese companies,”said industry minister Subhash Desai.

 
 

 

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