Mumbai: Around 22 lakh jobs have been created since Mumbai hosted the Make In India summit two years ago, with investment commitments worth nearly Rs 5 lakh crore reaching the implementation stage, Chief Minister Devendra Fadnavis saidon Saturday.
“There are a lot of people who criticize investors’ summits and claim investments do not fructify,” Mr Fadnavis said, while announcing the State’s first ever global investment summit scheduled from February 18 to February 20, 2017.
“The conversion rate (for investment proposals being implemented) is typically 32%-35%. But post the Make in India summit, total MoUs signed (for investment in Maharashtra) were 2,954, of which 1,523 has been fructified, or 51%,” he said.
“Of the Rs 8 lakh crore investment proposals (in Make in India), Rs 4.91 lakh crore or 61% investments have been made or are in the process,” he said, stressing that 22 lakh or 74% of the 30 lakh jobs expected from these investments have already been created.
Promising to make Maharashtra India's first trillion dollar economy, Mr. Fadnavis said: “If we grow at 10% per annum, then we can become a trillion dollar economy in 7 to 10 years. The size of the state's economy is presently $ 400 billion.”
