The MoU comes a week after the Walmart India and Chinese major ATL evinced interest to invest around Rs 6,000 crore in the state.
Maharashtra government has signed a memorandum of understanding with the UAE-based Eagle Hills Investment LLC, which is a sister concern of Emmar Properties PJSC.
The company has proposed an investment of Rs 9,500 crore 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 a total employment of close to 6 lakh.
Chief minister Devendra Fadnavis in his tweet said, ''This MoU includes setting up of Hi-Tech food cities on multiple locations in Maharashtra and Mega food city, logistics/warehousing hub, fruit-vegetable hub on select locations. This will boost direct procurement from farmers, eliminating the middlemen.''
The MoU comes a week after the Walmart India and Chinese major ATL evinced interest to invest around Rs 6,000 crore in the state. Walmart India has proposed to set up 10 more cash and carry stores for wholesales while ATL plans to manufacture mobile batteries.
With Eagle hill's proposed investment of Rs 9,500 crore, the state has attracted an investment of Rs 15,500 crore during the economic slowdown and also ahead of imposition of the model code of conduct for the state assembly elections slated for October this year.
The state government and Eagle Hills inked MoU in the presence of Chief Minister Devendra Fadnavis, State Industries Minister Subhash Desai, CM's Principal Secretary Bhushan Gagrani, Industries Commissioner Harshdeep Kamble and Maharashtra Industrial Development Corporation CEO P Anbalagan.
Food Plans
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| The company has proposed an investment in hi-tech food city, mega food city, logistics and warehousing hub and fruits and vegetables hub |
| Walmart India and Chinese major ATL evinced interest to invest Rs 6,000 cr here |
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