Various Memorandum of Understanding or MOUs has been signed by the government of Maharashtra with 15 National and international companies to bring an investment of 34,850 crores and to create 23,000 jobs.
Of all the MOU signed pertain to 7 data centers- Net Magic IT Services, Nextra, Mantra Datacenter, Adani Enterprise, STT Global Data Centres, Colt data center, and Holding India LLP for which 25000 crore rupees will be invested. This initiative is part of the state endeavor to become a data center hub.
Mitsubishi Electric India (Japan), Bright Cino holding, Oriental aromatics, Malpani warehousing and industrial park, Evermint logistics, and ESR India will invest the rest of the money.
The agreement was entered as a part of the magnetic Maharashtra 2.0 initiative which has a target to bring investment of rupees one lakh crores to the state.
Meanwhile, an agreement entered with Chinese forms earlier has been put on hold for now. The center's stand is yet to be clarified.
Hengli, Great Wall Motors and PMI Electro Mobiligy solutions have an agreement of rupees 250 crores, 3770 crore,s and 1000 crore respectively.