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'Make in India Week' gets Rs 15 lakh crore investment commitment

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  19 Feb 2016 12:00 AM GMT

Mumbai, Feb 18: India’s biggest manufacturing promotiol till date at home - the Make in India Week - concluded here on Thursday with investment commitments of over Rs.15 lakh crore ($220 billion), the government said.

“The numbers are in. INR 15,20,000 Cr investment already committed at #MakeInIndia Week,” the event’s main organiser,” the union Department Of Industrial Policy and Promotion (DIPP) said in a tweet.

“INR 1,05,000 crore of business enquirers generated during #MakeInIndia Week,” another tweet said. Enumerating the scale of the event, another tweet said: “8,90,000 visitors 8,245 B2B, B2G and G2G meetings 1,245 tiol and intertiol speakers 215 exhibitors 102 tions”.

Addressing the event’s closing ceremony, DIPP Secretary Amitabh Kant said: “Maharashtra will become the gateway of India”. Maharashtra Chief Minister Devendra Fadvis said over half of the investment commitments were for his state. “We have signed many memoranda of understanding with several companies across sectors to the tune of Rs.8 lakh crore during the Make In India Week,” he said. Of the total investments committed here, 30 percent are from foreign investors.

“We have already opened the economy across sectors to the world. We’re now showcasing, connecting and collaborating for manufacturing in the country,” Kant told reporters at the closing press meet.

The Maharashtra government had signed pacts worth Rs.6 lakh crore, which included large commitments from Mahindra and Mahindra (Rs.8,000 crore), Mercedes (Rs.4,270 crore), Panchshil (Rs.5,000 crore), JSW Jaigarh Port (Rs.6,000 crore) and RCF Chemicals (Rs.6,204 crore), among others.

On Thursday, it signed other deals worth over Rs.1,60,000 crore, which include commitments from CIDCO’s two projects - Khalapur Smart City (Rs.7,909 crore)and townships in I project area worth Rs.29,952 crore.

The state government has also received commitments from retail players like Future Group (Rs.850 crore), Trent Hypermarket (Rs.400 crore), D-Mart (Rs.250 crore), Metro Shoes (Rs.50 crore), Shoppers Stop (Rs.50 crore) and Major Brands (Rs.50 crore).

Kartaka received Rs.9,700 crore of investment proposals on Wednesday at the Make in India Week. (IANS)

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