Acknowledging Maharashtra’s contribution to India’s improved rankings in the World Bank’s Ease of Doing Business Index, Chief Minister Devendra Fadnavis today urged investors to give the State an opportunity.
Speaking in Ahmednagar after inaugurating one of the State’s largest technology parks, Mr. Fadnavis said this is “right time” to invest in Maharashtra. “The most important thing is that we have skilled manpower. Now, in EoDB rankings we (India) rank 77th which was 142nd earlier. Maharashtra has contributed immensely to this improved ranking. We are here to solve all your issues and this is the right time to invest in Maharashtra,” he told a gathering of leading businessmen while laying the foundation stone for the ₹1,600 crore Midea Technology Park at Supa MIDC Industrial Park on Saturday.
Mr. Fadnavis appreciated the State’s achievement in bringing in more Foreign Direct Investment (FDI) into the country. “With various business-friendly initiatives now, Maharashtra is achieving new heights. Of the total FDI that comes to India, 49% comes to Maharashtra. I am confident that with Midea Technology Park there will be more employment opportunities,” he said while highlighting the achievements of the Make in India initiatives. “Maharashtra is the growth driver of the country’s economy. We have taken several initiatives to create a conducive ecosystem which has now made the State a favourite investment destination. This will help in our journey of making Maharashtra a hub for manufacturing, production, and research,” he said.
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The technology park complex is being set up in Supa Parner on 68 acres acquired in 2018.
The Midea group, a Fortune 500 company, has earmarked ₹1,350 crore over five years for manufacturing a range of consumer home appliances, air conditioners, refrigerators, washing machines, water purifiers, water heaters, commercial air conditioners, and compressors, plans for which have been finalised in a phased manner. The founder of Midea Group, Xiangjian He, said, “We are happy to begin work on our new facility in India. True to the Midea spirit of pioneering and sharing, this technology park will create leading products for India and transform the company for the future.”