Jobs boost: Nashik region pulls Rs 4,325-cr investments

  • | Tuesday | 20th February, 2018

Nashik region got only 0.25% investment while the maximum went to Vidarbha and Marathwada. Mumbai: The state government has signed 580 MoUs with various parties for investments to the tune of Rs 4,325 crore for Nashik region during three-day global investors’ summit ‘Magnetic Maharashtra’ in Mumbai.The region consist of five districts — Nashik, Ahmednagar, Dhule, Nandurbar and Jalgaon. The Food Processing Park, adjacent to Vinchur Wine Park, has attracted maximum investment of Rs 950 crore with 15 food processing projects to be set up over there.Dhule district attracted 83 MoUs for Rs 399 crore investments. However, there is a feeling among a section of the industrial fraternity that Nashik region got very less investment proposals as compared to the total investment the state government attracted through MoUs, which is Rs 12.10 lakh crore. This new investment will create 2,993 jobs.Nandurbar district has attracted 26 units at a total investment of Rs 729.77 crore, including the Rs 700-crore project of Genus Paper and Board Ltd. A total 162 SMEs have signed MoUs for total investment of Rs 334.31 crore for Jalgaon district, which will generate 2,662 jobs.

Mumbai: The state government has signed 580 MoUs with various parties for investments to the tune of Rs 4,325 crore for Nashik region during three-day global investors’ summit ‘Magnetic Maharashtra’ in Mumbai.The region consist of five districts — Nashik, Ahmednagar, Dhule, Nandurbar and Jalgaon. Once these units start functioning, they will generate 18,331 jobs.Nandurbar has got a large project involving investment of Rs 700 crore by Genus Paper and Board Ltd, which will be setting up a manufacturing plant there.“Of the 580 MoUs, the maximum projects are in the SME sector,” sources in the state industrial department told TOI on Tuesday.A total of 144 MoUs were signed for Nashik district for investments worth Rs 1,986.39 crore, which will generate 8,689 jobs. The Food Processing Park, adjacent to Vinchur Wine Park, has attracted maximum investment of Rs 950 crore with 15 food processing projects to be set up over there.Dhule district attracted 83 MoUs for Rs 399 crore investments. Almost all the projects are in the SME category. This new investment will create 2,993 jobs.Nandurbar district has attracted 26 units at a total investment of Rs 729.77 crore, including the Rs 700-crore project of Genus Paper and Board Ltd. A total 162 SMEs have signed MoUs for total investment of Rs 334.31 crore for Jalgaon district, which will generate 2,662 jobs. However, there is a feeling among a section of the industrial fraternity that Nashik region got very less investment proposals as compared to the total investment the state government attracted through MoUs, which is Rs 12.10 lakh crore. Marathwada and Vidarbha have attracted maximum investment.During the valedictory function of ‘Magnetic Maharashtra’ on Tuesday, chief minister Devendra Fadnavis made it clear that his major focus was to fetch investments for industrially backward areas like Marathwada and Vidarbha.“The investment of Rs 700 crore in Nandurbar is a part of the government plan to give projects to backward areas,” Fadnavis added.An industrialist said that during the ‘Make in India Week’ held in February 2016, the state government had attracted MoUs worth Rs 8 lakh crore. Nashik region got only 0.25% investment while the maximum went to Vidarbha and Marathwada. “Sadly, the government has disappointed us this time too.”

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