Host Maharashtra emerged as the first beneficiary of the ambitious Make in
India Week on the inaugural day on Saturday February 13,2016 by signing three key MoUs
with total investment of over Rs 21,400 crore.
The first MoU, signed in the presence of Prime Minister
Narendra Modi, was with Sterlite Group company Twinstar Display
Technologies and Maharashtra Industrial Development Corporation (MIDC)
to set up an LCD manufacturing plant, known as Panel FAB, in technical
collaboration with Taiwanese company Autron. The project entails
investment of Rs 20,000 crore. The location of the plant will be decided
shortly.
The second MoU was signed between Hindustan
Coca Cola Beverages, Jain Irrigation and State Agriculture and
Marketing department for setting up a juice manufacturing facility to
process oranges. Located in Vidarbha, the project intends to give higher
value to orange growers. This investment of 600 crore, will benefit
around 20,000 farmers, generating employment opportunities for over 500
people. The plant is expected to generate employment in Vidarbha, which
has reported farmer suicides due to drought-induced agrarian crisis.
The
third MoU was signed between Raymond Industries and MIDC as part of
“Farm to Fabric” initiative for the textile sector. Raymond plans to
invest Rs 1,400 crore for manufacturing of linen yarn and fabric and
garment business. The facility will be set up in Nandgaon Textile Park
in Amravati district in Vidarbha, and will procure cotton from the
farmers in the district.
Announcing the deals at the ceremony, Maharashtra Chief Minister
Devendra Fadnavis lauded Prime Minister Narendra Modi’s vision behind
Make in India and credited him for changing the mindset of States. “We
have moved from co-operative federalism to competitive federalism with a
fair competition between different States, which will in all
probability end up complementing each other,” he said.
Devendra Fadnavis said Maharashtra continued to remain an industrial powerhouse
with latest Assocham report also rating the State as the best investment
destination. “Maharashtra contributed 15 per cent to the national GDP,
has the highest exports, and highest FDI inflows. With Make in India,
Make in Maharashtra initiative has also started,”
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