Latest news with #XsioLogisticsParks
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.
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.
Time of India
14-05-2025
- Business
- Time of India
Maha Govt MoU: In a push to industrial and logistics sector, Maha govt sings MoU for investment worth ₹5,000 cr, ET Manufacturing
Advt Advt Maharashtra government, in a bid to give a push to the state's industrial and logistics landscape, on Wednesday signed a Memorandum of Understanding (MoU) with Horizon Industrial Parks, a Blackstone-backed logistics platform and Xsio Logistics Parks for a Foreign Direct Investment (FDI) commitment exceeding ₹5,000 venture is expected to create over 27,000 direct and indirect employment opportunities across the MoU was signed in the presence of Chief Minister Devendra Fadnavis, Deputy Chief Minister Eknath Shinde, industry secretary P Anbalagan, and the Maharashtra Industrial Development Corporation CEO P Blackstone Group Companies were represented by Tuhin Parikh, Head of India Real Estate, Blackstone, Alok Jain, Managing Director, Blackstone, RK Narayan, President - Strategy and Business Development, Horizon Industrial Parks and Ashish Agrawal, Managing Director, Xsio Logistics MoU represents one of the largest FDI-backed investments in Maharashtra's logistics and industrial sector to date. It envisages the development of 10+ state-of-the-art, sustainability-compliant industrial and logistics parks across key locations, including Nagpur, Mumbai, Pune, and other strategic corridors. These developments will catalyse next-generation manufacturing, warehousing, and supply chain ecosystems, reaffirming Maharashtra's leadership as India's premier investment destination, the government said in a statement."This transformative collaboration aligns with Maharashtra's vision for inclusive industrial growth and global competitiveness, underpinned by sustainable infrastructure, employment generation, and robust investor confidence," it the state government signed MoU with two universities from Australia and New York. Discussions are underway with three more important universities. The first campus in the country where world-class universities come together is being set up in Navi Mumbai.A Memorandum of Understanding was also signed with Prime Focus, in which it will build a Film City at this location with an investment of about ₹3,000 crore, and at least 10,000 people will get employment. 'AI' power and the best technology in the world will also be government also inked MoU with Godrej for an investment of ₹2,000 crore to set up a film industry in Panvel. Chief Minister Devendra Fadnavis said that these MoUs will bring investment worth ₹8,000 crore.
Hans India
14-05-2025
- Business
- Hans India
In a push to industrial and logistics sector, Maha govt sings MoU for investment worth Rs 5,000 cr
Mumbai: Maharashtra government, in a bid to give a push to the state's industrial and logistics landscape, on Wednesday signed a Memorandum of Understanding (MoU) with Horizon Industrial Parks, a Blackstone-backed logistics platform and Xsio Logistics Parks for a Foreign Direct Investment (FDI) commitment exceeding Rs 5,000 crore. This venture is expected to create over 27,000 direct and indirect employment opportunities across the state. The MoU was signed in the presence of Chief Minister Devendra Fadnavis, Deputy Chief Minister Eknath Shinde, industry secretary P Anbalagan, and the Maharashtra Industrial Development Corporation CEO P Velrasu. The Blackstone Group Companies were represented by Tuhin Parikh, Head of India Real Estate, Blackstone, Alok Jain, Managing Director, Blackstone, RK Narayan, President – Strategy and Business Development, Horizon Industrial Parks and Ashish Agrawal, Managing Director, Xsio Logistics Parks. The MoU represents one of the largest FDI-backed investments in Maharashtra's logistics and industrial sector to date. It envisages the development of 10+ state-of-the-art, sustainability-compliant industrial and logistics parks across key locations, including Nagpur, Mumbai, Pune, and other strategic corridors. These developments will catalyse next-generation manufacturing, warehousing, and supply chain ecosystems, reaffirming Maharashtra's leadership as India's premier investment destination, the government said in a statement. 'This transformative collaboration aligns with Maharashtra's vision for inclusive industrial growth and global competitiveness, underpinned by sustainable infrastructure, employment generation, and robust investor confidence,' it stated. Earlier, the state government signed MoU with two universities from Australia and New York. Discussions are underway with three more important universities. The first campus in the country where world-class universities come together is being set up in Navi Mumbai. A Memorandum of Understanding was also signed with Prime Focus, in which it will build a Film City at this location with an investment of about Rs 3,000 crore, and at least 10,000 people will get employment. 'AI' power and the best technology in the world will also be there. The government also inked MoU with Godrej for an investment of Rs 2,000 crore to set up a film industry in Panvel. Chief Minister Devendra Fadnavis said that these MoUs will bring investment worth Rs 8,000 crore.
