8 firms to invest Rs 6,500 cr in state | mumbai | Hindustan Times
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8 firms to invest Rs 6,500 cr in state

mumbai Updated: Oct 12, 2011 02:04 IST
Dharmendra Jore

Debunking claims made by neighbouring states, chief minister Prithviraj Chavan said that Maharashtra is still the hottest investment destination in the country, after eight companies announcement investment plans worth Rs 6,500 crore in the state on Tuesday.

These mega projects will create 500 direct jobs. Two of them will be in Chavan's home district Satara.

One, Nipro India, will be the first unit in India to make artificial kidneys.

At present, the state has 295 mega projects (each an investment of over Rs 300 crore). The total investment of these projects is Rs 2.5 lakh crore.

Chavan added that the state's proposed new industry policy, which he expects to come into force by December, will provide further boost to Maharashtra's economy.

"The policy is aimed at creating more jobs in the manufacturing industry. It will ensure hassle-free investment and one window clearance." Accordion to Chavan, the policy will allow investors to track their proposals online.

Industry minister Narayan Rane said that the policy is focused on creating even better infrastructure for the industry.

"I will get the Cabinet's approval for the new policy by the end of this month, and will get it tabled in the winter session of the state legislature," he said.

Chavan said that Mumbai will host the World Economic Forum meet on November 13-14, in which about 1,400 international and national chief executives are expected to take part.