Maharashtra government signed memorandum of understanding (MoUs) with six companies at the World Economic Forum (WEF), Davos, Switzerland, for a total investment of ₹25,000 crore in the Pune region. The proposed investment is in various sectors, including pharmaceuticals, automobiles, data, electric vehicles and food processing.
A delegation led by Chief Minister Eknath Shinde represented Maharashtra at the WEF this year. The six MoUs signed in Davos carry the potential of generating more than 8,500 jobs, said Maharashtra Industries Minister Uday Samanth.
The six MoUs signed include a MoU worth ₹1,650 crore with Nipro Corporation, Japan, for a glass tubing production facility that will make Maharashtra a hub of pharmaceuticals’ production and create 2,000 job opportunities. Mahindra Electric Vehicle Automobile Limited is expected to start an electric automobile manufacturing unit at Chakan, Pune, estimated to create 3,000 employment opportunities, for which it has promised an investment of ₹10,000 crore, Samanth said. Pune is set to see an increase in food processing capabilities with the signing of a MoU with Rukhi Foods, which is likely to set up a ₹250 crore greenfield food processing plant near Pune.