Maharashtra leads in converting the Memoranda of Understanding (MoUs) signed during the 'Make In India Week' (MIIW) earlier this year, state industries minister Subhash Desai said today.
Giving details, he said during MIIW in all 2,603 MoUs were signed involving an investment of Rs 8,04,000 crore with an employment potential of 30 lakh jobs.
Out of these, 262 MoUs with investments worth Rs 3.65 lakh crore have actually translated in projects being implemented, Desai, who is from the Shiv Sena, claimed.
"The 262 MoUs which have translated into actual investment are from Corporates like Foxcon, General Motors, Vin Star Technology (Vendanta Group), Coca Cola, Raymonds, Pepsico, Monsanto, RCF, Future Group, Godrej, Autodesk, Mahindra and Mahindra and others," he said.
He said the entire process of application and allotment of MIDC plots has been made online and a deadline of one and half month has been set for disposal of all applications.
Commenting about the environment protection and construction of Central Effluent Treatment Plants (CETPs) in the 280 Industrial Estates of the Maharashtra Industrial Development Corporation (MIDC), he said MIDC will set up a Special Purpose Vehicle (SPV) for this purpose.
"The MIDC was financially sound and was quite capable of funding these projects on its own," he said.
Replying to queries over waste disposal in MIDC industrial estates, Desai said henceforth it will be the responsibility of the MIDC to handle waste disposal.
"It will be the responsibility of the MIDC to earmark landfill sites for the same in the vicinity of the industrial estates. The MIDC shall construct proper waste water drainage system in the industrial estates", said the Minister.
Replying to queries over the power tariff rates for the industrial sector and flight of investment elsewhere, Desai said although in some states power is cheap it is still unreliable.
He added that the Ministry of Energy is seized of the matter and will soon come out with a power tariff policy which shall be competitive.
"Once the new power tariff policy comes into effect the flight of investment shall be reversed," he said.
He also said that the government has offered several concessions to attract investment in backward regions of Marathwada and Vidharbha.
Desai said both these backward regions of the state have witnessed an investment of Rs 1,50,000 crore.
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