45% ‘Make in India’ Mous translate into investments

This policy was adopted due to past cases of misappropriation in land allotments. Now, all allotments will be transparent, timebound and no one person will be able to influence decision

MUMBAI: About 45 per cent of the proposed investments that the Bjp-led Maharashtra government had bagged during the ambitious ‘Make in India’ conclave in February have started to materialise and translate into actual work, said the state industries department.

The state had touted to have signed 2,606 Mous worth Rs 8.04 lakh crore during the grand conference held in Bandra Kurla Complex. “Ofallthesemous,262 companies have actively come forward, identified lands with many even having paid the required amount to show that they are serious about their investment in Maharashtra.these companies together have committed an investment of Rs 3.65 lakh crore,” said state industries minister Subhash Desai. These include names such as General Motors at Talegaon, Vedanta Group’s Twin Star Technologies either in Vidarbha or Marathwada, Coca Cola Co and Raymond at Nagpur, Monsanto in Buldhana district, Mahindra & Mahindra in Chakan and so on.

The state has also decided to pull in Maharashtra Industrial Development Corporation ture in industrial areas. It also plans to constitute a special purpose vehicle to establish common effluent treatment plants in industrial areas.

Besides, the state has decided to adopt a new policy, under which all MIDC land allotments will be completed within 1.5 months of advertising for the plots. The MIDC has divided its 280 industrial estates into two categories - first where there is high demand and second where less than 80% plots have been allotted. “Competitive bidding for the second category will not work since the demand is low there. The plots will be advertised, applications will be invited online, after which MIDC’S Land Allocation Committee jointly