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