The government of Maharashtra signed a Memorandum of Understanding (MoU) with the subsidiaries of Blackstone Group, XSIIO Logistics Parks and Horizon Industrial Parks. The agreement will be seen to trigger Rs 5,127 crore FDI and generate 27,510 new jobs, promoting industrial and logistics in the state.
The MoU took form at the Sahyadri Guest House between Industries Secretary Dr. P Anbalagan and R K Narayanan, president of Horizon Industrial Parks. The partnership will connect the dots in scaling-up the new age i.e. modern industrial and logistics parks throughout the critical industrial hubs of Maharashtra in synergy with the Maharashtra Logistics Policy 2024.
There are more than 10 logistics and industrial parks that will be built within approximately 794.2 acres that are equivalent to 1.85 crore sq. meters of land under this agreement. These parks will be located at critical locations of Nagpur, Bhiwandi (Thane), Chakan (Pune), Sinnar (Nashik), and Panvel (Raigad).
Chief Minister Devendra Fadnavis highlighted the transformative potential of this partnership, emphasizing its role in creating ESG-compliant, world-class logistics hubs. "This collaboration is a step toward developing world-class, environmental-social-and-governance (ESG)-compliant industrial and logistics hubs in cities like Nagpur, Mumbai, and Pune," he said.
The project will set a firm tone for manufacturing, warehousing, and supply chain brilliance in India, having immense effects on the economy of this region.
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