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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)
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.
Time of India
14-05-2025
- Business
- Time of India
Maharashtra govt inks pact with Blackstone Group for Rs 5,127 cr FDI; to create over 27,500 jobs
The Maharashtra government on Wednesday signed a Memorandum of Understanding (MoU) with Blackstone Group 's subsidiaries, XSIIO Logistics Parks and Horizon Industrial Parks , which will bring Rs 5,127 crore FDI and create 27,510 jobs, officials said. The MoU was signed at the Sahyadri Guest House between Industries Secretary Dr P Anbalagan and president of Horizon Industrial Parks R K Narayanan. This MoU aims to develop modern logistics and industrial parks across Maharashtra's key industrial and multimodal logistics hubs, a statement from the Chief Minister's Office (CMO) said. As per the agreement, over 10 modern industrial and logistics parks will be developed on 794.2 acres of land, with construction planned on 1.85 cr square feet land. The projects are expected to bring in foreign direct investment (FDI) of Rs 5,127 crore and will generate approximately 27,510 direct and indirect employment opportunities , it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Explore 18 Outrageously Stunning Hotel Pools You Won't Believe Are Real! Learn More Undo 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. Calling it a transformative partnership, Chief Minister Devendra Fadnavis said, "This collaboration is a step toward developing world-class, environmental-social-and-governance (ESG)-compliant industrial and logistics hubs in cities like Nagpur, Mumbai and Pune. It will establish a robust foundation for manufacturing, warehousing and supply chain excellence in India." Live Events Deputy Chief Minister Eknath Shinde, CM's Principal Secretary Ashwini Bhide, Maharashtra Industrial Development Corporation (MIDC) CEO P Velarasu, Deputy Secretary Lakshmikant Dhoke, Senior Managing Director of Blackstone Advisors Pvt Ltd Tuhin Parikh, Managing Director of Blackstone Advisors Pvt Ltd Alok Jain, and Managing Director of XSIIO Logistics Parks Ashish Agarwal were present on the occasion.
