Categories
Uncategorized

MIDC inks 25 MoUs worth Rs 15,260 crore at Dubai World Expo 2020 – Business Standard

Topics
Maharashtra | Dubai
Aditi Divekar  |  Mumbai 
https://mybs.in/2Zj4AC4

At the ongoing World Expo 2020 being held in Dubai, Industrial Development Corporation (MIDC) signed 25 MoU’s on Saturday with a proposed investment of almost Rs 15,260 crore ($2 billion) under Magnetic 2.0.
With this, Magnetic 2.0 was in its seventh edition and its first international edition.


The memorandum of understanding (MoUs) signed are in key sectors such as auto and auto components, logistics, electric vehicles, textiles, data centre, pharma, bio-fuels and energy, said MIDC in its release.
This proposed investment would have potential direct employment generation for 10,851 people.
Companies looking to invest in Maharashtra are from Japan, Singapore, Sweden, Korea, Germany and Italy, it said.
The Maharashtra government is participating in expo between November 19, 2021 and 2nd December 2021 and has a delegation led by Minister of Industries, Subhash Desai, joined by other seniors of Industries department between the 19th and 21st of November 2021, said the release.
Maharashtra has seen an increase in its foreign direct investment (FDI) inflow from Rs 2,543 crore in 2004-05 to Rs 79,216 crore in 2019-20 and is a strong contributor to the total flowing into the country.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor
PREVIOUS STORY
NEXT STORY
Copyrights © 2021 Business Standard Private Ltd. All rights reserved.
Business Standard
Upgrade To Premium Services
Business Standard is happy to inform you of the launch of "Business Standard Premium Services"
As a premium subscriber you get an across device unfettered access to a range of services which include:
Business Standard
Premium Services
In Partnership with Fis Logo
Dear Guest,
Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard

source

Leave a Reply

Your email address will not be published.