Subsidies, better road connectivity, faster clearances ‘magnets’ attracting global investors to Maha: CM

Davos: Having signed MoUs worth Rs1.36 lakh crore with global investors in just two days here, Maharashtra Chief Minister Eknath Shinde on Tuesday said the ‘magnets’ that have worked in favour of his state include promise of subsidies, faster clearances and an impressive road infrastructure.

Here for the World Economic Forum Annual Meeting, Shinde said he has met a host of potential investors, who have expressed plans to immediately visit Mumbai to put their plans into action.

Asked what Maharashtra had to offer foreign investors, Shinde said the state is committing to offer a lot more than others, including subsidies, better infrastructure and faster clearances.

“Whatever they want, we are ready to offer. The state is fully committed to fulfilling all their genuine demands. Road connectivity is one of our biggest assets and industry is also getting attracted to our state because of our access,” Shinde said.

On new areas of growth, he said there is still a huge potential, including “data centres, logistics, pharmaceuticals and renewable energy”.

He continued: “I’ve also met a lot many people here including those working on skill development, infrastructure, urban transformation, climate-related issues, transportation etc. I’m happy to tell you that there have been positive discussions with regard to our state for investments in sectors like data centre, pharmaceuticals, logistics, automobiles and renewable energy.”

“This is a big achievement for our government. These investment decisions are made only when the investors have got faith in a government and they are convinced about our potential. They know we have got skilled manpower, good infrastructure, land availability and good business atmosphere,” he said.

Shinde said his government believes in promoting new industries. “Ours is a proindustry and pro-development government that works for the benefit of the people. These MoUs will generate thousands of new jobs,” he noted. —PTI