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Fadnavis in US: On Day 1, a Coca Cola factory, IT parks deal

mumbai Updated: Jun 30, 2015 23:08 IST
HT Correspondent
HT Correspondent
Hindustan Times
Devendra Fadnavis in US

Finance firm Blackstone plans to invest in IT parks across Mumbai and Pune, and Coca Cola will soon set up a plant in Ratnagiri.

On the first day of his USA tour, Maharashtra chief minister Devendra Fadnavis has landed investments worth Rs 5,000 crore and signed deals that will generate at least 50,000 jobs.

Hard-selling Maharashtra’s ease of doing business initiatives, the Fadnavis-led delegation met executives from various leading companies, including Citibank and Turner International at New York, during the US-India Business Council (USIBC).

Blackstone will invest Rs 1,200 crore in Hinjewadi, Pune, Rs 2,550 crore for IT parks in Mumbai and Rs 750 crore in Pune’s Eon Free Zone.

During the meeting, Coca Cola group director Dana Bolden signed the MoU to set up the Rs 500-crore plant at Lote Parshuram industrial estate at Chiplun in Ratnagiri.

Citi Bank’s delegation, led by managing director Jagdish Rao, told Fadnavis the group plans to expand its business, which means bringing in 4,000 more jobs.

Fadnavis spoke about the changes the government has made to rules and laws to make doing business in the state easy.

“Maharashtra has an edge over other Indian states in many respects. We are committed to favourable environment for industrial investment. The number of approvals required to set up business in the state has been brought down to 37, from 76, and will be further down to 25 in a few days,” he said.

A single window mechanism to for faster clearances for industries will be introduced soon, the CM said.

Fadnavis also met Chris Christie, the governor of New Jersey, and spoke about the state’s ease of doing business initiatives.