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Maharashtra signs 3 MoUs on day one of Make in India Week

Monday, 15 Feb 2016

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Maharashtra has signed three MoUs on day one of the Make in India Week with total investment of over Rs 22,000 crore.

The first MoU has been signed with Sterlite Group company Twinstar Display Technologies and Maharashtra Industrial Development Corporation (MIDC) to set up an LCD manufacturing plant, known as Panel FAB, in technical collaboration with Taiwanese company Autron. The project entails investment of Rs 20,000 crore. The location of the plant will be decided shortly.

The second MoU has been signed between Hindustan Coca Cola Beverages, Jain Irrigation and State Agriculture and Marketing department for setting up a juice manufacturing facility to process oranges. Located in Vidarbha, the project intends to give higher value to orange growers. This investment of 600 crore, will benefit around 20,000 farmers, generating employment opportunities for over 500 people.
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The third MoU has been signed between Raymond Industries and MIDC as part of “Farm to Fabric” initiative for the textile sector. Raymond plans to invest Rs 1,400 crore for manufacturing of linen yarn and fabric and garment business. The facility will be set up in Nandgaon Textile Park in Amravati district in Vidarbha, and will procure cotton from the farmers in the district.