8 mid size companies entered into MoU with the Maharashtra government for setting up units in the state with an investment of INR 6,456 crore.

1. Leading the pack was Uttam Galva Steel, with INR 2,100 crore investment for diversification and capacity expansion at its Khalapur facility in Raigad district. The company wants to expand its manufacturing of carbon steel, alloy steel, rounds and billets and other products. The new capacity will create 700 new jobs.

2. Maharashtra Seamless will invest INR 375 crore for making seamless pipes at Raigad.

3. Jai Bhole Cement Combine proposes to invest about INR 1501.97 crore for 2 million tonne per annum cement and clinker plant at Yavatmal district.

4. Thermax will invest INR 687 crore in Satara district for manufacturing sub critical and super critical boilers. The investment has been given a mega project status and it will provide employment to 600 persons.

5. Nipro India Corporation is planning to invest INR 680 crore for setting up a unit for manufacturing medical devices, at Kesurd in Satara district, which will provide employment to 1033 persons.

6. Tetra Pak India proposes to invest INR 594 crore for a manufacturing of packaging material facility at Chakan near Pune.

7. Forbes Marshall will also be setting up unit with a INR 250 crore investment at Chakan.

8. Soktas India which is textile company would be investing Rs 268 crore for weaving unit at Kohapur.

Acting Industries Secretary of Maharashtra, Dr K Shivaji, told Business Line that Maharashtra continues to attract investment and since the beginning of the current fiscal under the Mega Project policy, 52 new mega projects have been approved with an assured investment of INR 1.10 lakh crore, which will creat an employment opportunities for 37,007 persons.

(Sourced from BL)