With the purpose of facilitating its ‘Magnetic Maharashtra 2.0’ initiative, the Government of Maharashtra has signed 12 MoUs worth Rs.16,100 crore with foreign and Indian firms. Launched with the purpose of reviving the economy post Covid-19, this initiative kickstarted in the presence of Uddhav Thackeray, Chief Minister, Maharashtra, Subhash Desai, Minister for Industries, Government of Maharashtra, and senior bureaucrats of the government with global business leaders and representatives of bilateral investment agencies. Providing the required assistance to the companies to set up their plants in various parts of Maharashtra, the MoUs include two key bilateral investment agreements which will help the state to set up dedicated country desks for closer handholding of new potential investments. Some of the foreign companies that signed the MoUs include Ascendas from Singapore of Rs.560 crore for logistics in Pune and Thane and ExxonMobil from the United States of America of Rs.760 crore for oil and gas in Raigad.

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