In the first of the major investment assurances that Maharashtra Chief Minister Devendra Fadnavis received during his visit to Davos, the US multi-national conglomerate corporation General Electric (GE) has committed to invest Rs3,000 crore in Maharashtra.
GE Vice President John Rice made an announcement to this effect on Thursday after a meeting he had with the visiting Chief Minister in the sidelines of the World Economic Forum at Davos in Switzerland. The GE plans to set up high-capacity turbines in Maharashtra, according to a news release put out by the Chief Minister’s Office (CMO).
During his visit to Davos, Fadnavis is seeking investments from foreign companies by pushing his Government’s “Make in Maharashtra” initiative – taken up by him along the lines of Prime Minister Narenda Modi's 'Make in India” programme,
Similarly, Schindler, manufacturers of escalators and elevators, has also promised Maharashtra Government that it would invest in the second phase of its project in Talegaon in Pune district. The Chief Minister also discussed milk exports, food processing policy and nutritious food with Nestle officials.
During his meeting with Fadnavis, Japan External Trade Organization (JETRO) chairman Hiroyuki Ishige evinced interest in setting up Japanese Investment Park at Supa in Ahmednagar district. On his part, the Chief Minister assured the JETRO chief that the Maharashtra Government would make available land and other basic infrastructural facilities needed to develop the investment park.
During his visit to Davos, Fadnavis is being accompanied by Chief Secretary Swadhin Kashtriya, Principal Secretary in CM’s office Pavinsinh Pradeshi, Principal Secretary (Industries) Apurva Chandra and MIDC CEO Bhushan Gagrani.