Maharashtra Gets the Lion’s Share
MONEY MATTERS The Make in India week came to an end on Thursday, with the country likely to get ecord investments if all projects envisaged by various MoUs signed at the event come to fruition State signs MoUs for new investments of about `7.94 lakh crore, says land is no issue
The curtains came down on the Make in India week on Thursday, with organisers declaring a record investment of `15.20 lakh crore from memoranda of understanding (MoUs) signed at the event once all the projects come to fruition.Amitabh Kant, the outgoing DIPP secretary, who is often referred to as the `chief evangelist’ for Make in India, gave the credit to Prime Minister Narendra Modi who had first mentioned about the branding effort from the ramparts of Red Fort. Since then, foreign direct investment has grown by 48% while the world saw a decline in foreign investment by 16% during the period.
Maharashtra alone will take a lion’s share of about `7.94 lakh crore of the new investments from the MoUs. The numbers are mindboggling, but chief minister Devendra Fadnavis stated that his government would make sure the investments materialise as a task force has been set up to monitor progress on a weekly basis.