India's Maharashtra inks MoU to build industrial, logistics parks
India's Maharashtra state recently signed a memorandum of understanding (MoU) with Blackstone Group's subsidiaries, XSIIO Logistics Parks and Horizon Industrial Parks, which will bring in ₹5,127 crore (~$599 million) worth foreign direct investment (FDI) and create 27,510 jobs.
Signed between state industries secretary P Anbalagan and president of Horizon Industrial Parks R K Narayanan, the MoU aims at developing over 10 modern logistics and industrial parks across the state's key industrial and multimodal logistics hubs, a statement from the Chief Minister's Office (CMO) said.
India's Maharashtra state has signed an MoU with Blackstone Group's subsidiaries, XSIIO Logistics Parks and Horizon Industrial Parks, which will bring in $599 million worth FDI and create 27,510 jobs. The MoU aims at developing over 10 modern logistics and industrial parks across key industrial and multimodal logistics hubs, including Nagpur, Bhiwandi, Chakan, Sinnar and Panvel.
These logistics parks will be developed in key locations, including Nagpur, Bhiwandi (Thane district), Chakan (Pune), Sinnar (Nashik) and Panvel (Raigad).
The parks will be aligned with the Maharashtra Logistics Policy 2024, and will feature green, digitally-enabled infrastructure focused on sustainable development and job creation.
Chief Minister Devendra Fadnavis said the collaboration will set up a robust foundation for manufacturing, warehousing and supply chain excellence in India.
Fibre2Fashion News Desk (DS)
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