State signs Rs42k cr investment agreements to boost industry, job creation
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Jupiter International, which has proposed a Rs10,900 crore investment creating more than 8,300 jobs, plans to set up a solar water, solar cell, and modules manufacturing unit at Butibori. The state sees this as a move towards propelling Maharashtra into a leadership position in renewable energy. Jupiter International is a West Bengal-based company. TOI reported its plans to start a solar cells unit in Nagpur on August 18.
The MoU was signed the day after.
Vow Iron and Steel will be setting up the integrated steel plant at Gondpipri in Chandrapur. The company proposes to create 1,500 jobs in this project. With Gadchiroli emerging as the preferred destination for the steel industry, the project is also expected to boost industrial development of Chandrapur district. The company has Ujwal Pagariya and Ankit Pagariya at the helm as directors.
Webmint Digital Private Limited, which also has the Pagariyas as promoters, also signed an MoU for a data centre in the Taloja Industrial area in Pune with an investment of Rs4,846 crore, creating 2,050 jobs.
Around 26,000 jobs are proposed to be created with all the MoUs clubbed.
Chairman of the Confederation of Small Industry Associations (COSIA) Julfesh Shah said as MoUs mark the industrial development of the region, it must be ensured that it translates into actual investment at the earliest. The state must also come up with the much-awaited new industrial policy.
As the state signed eight different MoUs, the majority of the proposals included setting up data centres. Most of the companies have kept the choice of location open, said a source.
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