On 21 August 2007, Maharashtra
government signed memorandum of understanding with three different companies
which will bring an investment of around Rs.833 crore. The companies which
signed an MoU include:
- Birla Cotsyn is investing Rs.315
crore to expand operations of cotton ginning, pressing and spinning mill, to
be spread over an area of 100 acres of land at Khamgaon and Malkapur in the
Vidarbha region. It will increase the capacity of the mill to 36,000 spindles
of cotton yarn and 19,040 spindles of synthetic yarn per year.
- Pune-based Precision Automation &
Robotics India (PARI) will invest around Rs.258 crore at Khandala in Satara
district to set up its design and manufacturing facility.
- ISMT Ltd, a manufacturer of
seamless tubes, will invest Rs.260 crore in its
expansion project at Baramati. This will triple company's production
capacity from 47,500 tpa to 1,55,000 tpa