Latest news with #MaharashtraLogisticsPolicy2024
Fibre2Fashion
18-05-2025
- Business
- Fibre2Fashion
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)
Time of India
16-05-2025
- Business
- Time of India
Maharashtra Government signs MoU for development of sustainable industrial and logistics parks
The Maharashtra government and Horizon Industrial Parks and Xsio Logistics Parks signed a memorandum of understanding on Wednesday to develop over ten industrial and logistics parks across the state, Hindustan Times reports. A move expected to significantly enhance Maharashtra's industrial and logistics infrastructure through substantial foreign direct investment. These parks, designed to be sustainability-compliant, will be located in key areas such as Panvel, Bhiwandi, Chakan (Pune), Nagpur, and Sinnar (Nashik), covering 794.2 acres with a construction area of 18.5 million square feet and involving a total FDI of ₹5,127 crore. The initiative aims to boost manufacturing, warehousing, and supply chain ecosystems, aligning with the Maharashtra Logistics Policy 2024 and creating over 27,000 direct and indirect jobs. What does it signify? The MoU signifies a major boost to the state's industrial and logistics sectors. Officials from the industries department highlighted that this represents one of the largest foreign direct investment-backed ventures in the state's logistics and industrial sector to date. The signing ceremony was attended by key figures. These included Chief Minister Devendra Fadnavis , Deputy CM Eknath Shinde, Industries Secretary P Anbalagan, Tuhin Parikh (Head of India Real Estate, Blackstone), Alok Jain (Managing Director, Blackstone), RK Narayan (President, Strategy & Business Development, Horizon Industrial Parks), and Ashish Agrawal (Managing Director, Xsio Logistics Parks). Chief Minister Devendra Fadnavis mentioned 'It will result in setting up more than ten modern industrial and logistics parks that will be developed in locations such as Panvel, Bhiwandi, Chakan (Pune), Nagpur and Sinnar (Nashik). The development will cover 794.2-acre with a construction area of 18.5 million square feet, involving a total Foreign Direct Investment (FDI) of ₹5,127 crore,' Fadnavis said in a post on X. The planned industrial and logistics parks will be strategically located. Locations include Panvel, Bhiwandi, Chakan (Pune), Nagpur, and Sinnar (Nashik). The projects are designed with sustainability in mind. They will also feature advanced digital infrastructure. The industries secretary emphasized the projects' alignment with state policy. The initiative is expected to generate significant employment opportunities.
The Hindu
15-05-2025
- Business
- The Hindu
Maharashtra signs ₹5127 crores MoU for developing multimodal logistics hubs
Maharashtra government and Blackstone Group's X-Space Logistics Parks and Horizon Industrial Parks signed a Memorandum of Understanding (MoU) in the presence of Chief Minister Devendra Fadnavis, with aim to develop modern logistics and industrial parks in major industrial and multimodal logistics hubs across the State. The MoU involves developing over 10 modern industrial and logistics parks in Maharashtra, spanning across 794.2 acres of land with a built-up area of 1.85 crore square feet. It will attract a total foreign direct investment (FDI) of ₹5,127 crore and create 27,510 direct and indirect employment opportunities, as per the CMO. The logistics parks will be developed various regions, including Nagpur, Bhiwandi, Chakan, Khandwa, Sinnar, and Panvel. The projects implemented will be environmentally friendly, digitally enabled, and employment generation oriented, aligning with the Maharashtra Logistics Policy 2024. 'The partnership will create world-class industrial and logistics hubs in Nagpur, Mumbai and other locations, enabling a robust infrastructure for manufacturing, warehousing, and supply chain excellence in India,' said Mr. Fadnavis.
Hindustan Times
15-05-2025
- Business
- Hindustan Times
State signs ₹5,127-crore MoU for development of next-gen industrial and logistics parks
Mumbai: In a major boost to its industrial and logistics infrastructure, the Maharashtra government on Wednesday signed a memorandum of understanding (MoU) with Horizon Industrial Parks and Xsio Logistics Parks for the development of over ten state-of-the-art, sustainability-compliant industrial and logistics parks across the state. The move is expected to boost the state's industrial and logistics landscape. It will be one of the largest foreign direct investment (FDI) backed investments in the state's logistics and industrial sector to date, the industries department officials said. The MoU was signed in presence of chief minister Devendra Fadnavis, deputy CM Eknath Shinde, industries secretary P Anbalagan, Tuhin Parikh, Head of India Real Estate, Blackstone, Alok Jain, Managing Director, Blackstone, RK Narayan, President, Strategy & Business Development, Horizon Industrial Parks, and Ashish Agrawal, Managing Director, Xsio Logistics Parks. The chief minister termed it as a landmark development. 'It will result in setting up more than ten modern industrial and logistics parks that will be developed in locations such as Panvel, Bhiwandi, Chakan (Pune), Nagpur and Sinnar (Nashik). The development will cover 794.2-acre with a construction area of 18.5 million square feet, involving a total Foreign Direct Investment (FDI) of ₹5,127 crore,' Fadnavis said in a post on X. 'The projects will be environmentally friendly, equipped with digital infrastructure, and aligned with the Maharashtra Logistics Policy 2024. They will catalyse next-generation manufacturing, warehousing, and supply chain ecosystems, reaffirming Maharashtra's leadership as the country's premier investment destination,' the industries secretary said. 'It will also create over 27,000 direct and indirect employment in the sector,' he added.
Indian Express
14-05-2025
- Business
- Indian Express
Blackstone to invest Rs 5,127 crore in state; 27,510 jobs on cards
In a major boost to Maharashtra's industrial infrastructure, the state government on Tuesday signed a Memorandum of Understanding (MoU) with global investment firm Blackstone Group for the development of over 10 logistics and industrial parks across key locations in the state. The deal, worth Rs 5,127 crore in foreign direct investment (FDI), is expected to create around 27,510 direct and indirect employment opportunities. The MoU was signed between the state's principal secretary of Industries, Dr P Anbalagan, and R K Narayanan, president of Horizon Industrial Parks — a Blackstone entity — at Sahyadri Guest House in Mumbai. The ceremony was held in the presence of Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde. Senior government officials including Principal Secretary to the CM Ashwini Bhide, MIDC CEO P Velarasu, and Blackstone's top leadership — including Tuhin Parikh, Alok Jain, and Ashish Agarwal — were also present. According to officials, the parks will be developed on 794.2 acres of land, with a total built-up area of 1.85 crore sq ft. The facilities will come up in locations such as Nagpur, Bhiwandi, Chakan, Khandwa, Sinnar, and Panvel — regions that are fast emerging as strategic logistics and industrial corridors. 'These projects are aligned with the Maharashtra Logistics Policy 2024 and will focus on sustainable, tech-enabled infrastructure that boosts employment and economic growth,' the government said in a statement. Speaking at the event, Fadnavis termed the agreement 'transformative' and said it would help create global-standard industrial and logistics hubs in Maharashtra. 'This initiative strengthens the backbone of India's manufacturing and supply chain ecosystem and reflects our commitment to making Maharashtra the preferred destination for investment,' he said. The government added that the proposed parks will be environment-friendly and include digital infrastructure to improve efficiency and connectivity in the state's logistics sector.
