How is Maharashtra Government Boosting Industrial Growth with a Rs 5,000 Cr MoU?

Mumbai, May 14 (NationPress) In an effort to enhance the industrial and logistics framework of Maharashtra, the state government has officially signed a Memorandum of Understanding (MoU) with Horizon Industrial Parks, a logistics platform supported by Blackstone, along with Xsio Logistics Parks. This agreement represents a substantial Foreign Direct Investment (FDI) commitment of over Rs 5,000 crore.

This initiative is anticipated to generate more than 27,000 direct and indirect jobs across the state.

The MoU was executed in the presence of Chief Minister Devendra Fadnavis, Deputy Chief Minister Eknath Shinde, industry secretary P Anbalagan, and the CEO of Maharashtra Industrial Development Corporation, P Velrasu.

Representatives from The Blackstone Group included Tuhin Parikh, Head of India Real Estate, and Alok Jain, Managing Director, along with RK Narayan, President of Strategy and Business Development at Horizon Industrial Parks, and Ashish Agrawal, Managing Director of Xsio Logistics Parks.

This MoU marks one of the largest FDI-driven investments in Maharashtra's logistics and industrial sectors to date. It aims to create over 10 modern, sustainability-focused industrial and logistics parks in critical locations including Nagpur, Mumbai, and Pune. These developments will stimulate advanced manufacturing, warehousing, and supply chain networks, reinforcing Maharashtra’s position as India’s leading investment hub, according to a government statement.

“This significant collaboration is in line with Maharashtra’s ambition for inclusive industrial development and global competitiveness, supported by sustainable infrastructure, employment opportunities, and strong investor confidence,” the statement noted.

Previously, the state government also signed MoUs with two universities from Australia and New York, with discussions ongoing with three additional prestigious institutions. A groundbreaking campus comprising world-class universities is being established in Navi Mumbai.

Additionally, a MoU was signed with Prime Focus to develop a Film City at this location with an investment of approximately Rs 3,000 crore, which will provide employment for at least 10,000 individuals. This facility will integrate the latest AI technologies and state-of-the-art equipment.

The government also established a MoU with Godrej for an investment of Rs 2,000 crore to create a film industry in Panvel. Chief Minister Devendra Fadnavis stated that these MoUs will collectively attract investments amounting to Rs 8,000 crore.