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Eagle Hills to pour Rs 9,500 cr in Maharashtra

Wednesday, 04 Sep 2019
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Maharashtra government has entered into a memorandum of understanding (MoU) with the UAE-based Eagle Hills Investment, a sister concern of Emaar Properties PJSC.

The company has proposed to make an investment to the tune of Rs 9,500 crore. The investment will be made in Hi-Tech food city, mega food city, logistics and warehousing hub and fruits and vegetables hub across multiple locations in the state.

These projects are expected to generate employment opportunities for around six lakh people.

Apart from this, Walmart India and ATL evinced interest to invest around Rs 6,000 crore in Maharashtra. Walmart India has proposed to set up 10 more cash and carry stores for wholesales while ATL plans to manufacture mobile batteries.

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