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Economy News : Indian-commodity.com

Monday, November 19, 2007

Maharashtra Receives Rs 72,000 Cr Worth Investment Proposals

Pune: The state of Maharashtra has 78 mega projects with a proposed investment of Rs 72,000 crore over the next 18-24 months in the pipeline, and has received Foreign Direct Investment of Rs 70,750 crore over the last three years. According to the Chief Minister, Mr Vilasrao Deshmukh, the State received the highest FDI with a total of 3,933 proposals, and had also got approval for 119 SEZs, the most number in the country in a single State. He was speaking on the sidelines of the inauguration of JCB''s new plant at Talegaon. Included amongst the mega projects is a Rs 1,100-crore investment by Bombay Rayon in the garments and textile business over the next two years. As per an MoU signed with the State Government recently, the company is setting up plants at Islampur, Ichalkaranji, Nanded, Latur, Osmanabad and Kolhapur over the next two years, and a processing factory at Tarapur.
Posted by Indian-commodity at 11:51 AM

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