Tata lauds state at NYC forum

Renowned industrialist Ratan Tata was all praises for the state government for the decentralisation of industrial investment and not sticking to attract investments only for Mumbai and Pune. He also lauded the Maharashtra government for being the leading state in the country with a Gross Domestic Product (GDP) higher than the national GDP.

Tata was attending a round table organised during the Maharashtra Investment Forum in New York City (NYC) on Tuesday. A state government delegation, led by Chief Minister Vilasrao Deshmukh and key officials, are attending various conferences in America, to attract investment for Maharashtra. The conference was attended by leading industrialists from various countries, corporate houses and investment bankers.

“Though the government encourages investment in all parts of the state, it will also have to ensure that rural areas, apart from urban areas, reap the benefits of development. This can be done by ensuring adequate opportunities are created in agro processing and service sectors, including logistics, retail and areas other than information technology," added Tata.