Pune – In a monumental move to spur economic development, the Maharashtra Government is set to infuse a staggering investment of Rs 16,000 crore into Pune City through agreements with 72 entities over the next two years. This ambitious initiative is anticipated to create job opportunities for around 30,000 individuals, marking a significant stride towards regional economic revitalization.
S.G. Rajput, the Joint Director of Industries, expressed the government’s unwavering commitment to this transformative endeavor. He emphasized the pivotal role played by district investor summits conducted across Pune City, fostering constructive dialogues and collaborations with industrialists from neighboring districts such as Sangli, Satara, Solapur, and Kolhapur. The recent summit in Pune District, organized by the Mahratta Chamber Of Commerce, Industries and Agriculture (MCCIA), witnessed remarkable traction.
During the summit, 14 Memorandums of Understanding (MoUs) were unveiled, showcasing investments spanning various sectors. Notable commitments included Rs 126 crore by Poona Potash Pvt Ltd, Rs 250 crore by Nzuri Knowledge Park, Rs 150 crore by Atlas Copco, Rs 135 crore by GVS Air Services, and Rs 670 crores by Pune Business Spaces. These strategic collaborations are poised to inject renewed vigor into the local economy.
The government’s push for attracting investments builds upon the foundation set by the Magnetic Maharashtra investment conference in 2018. Additional initiatives are being considered post the upcoming general elections, tentatively scheduled for June-July. Following this, district-level investment summits have proven instrumental in fostering increased engagement with industries at the grassroots level.
Pune District, with its substantial presence of Micro, Small, and Medium Enterprises (MSMEs), houses approximately 4.5 lakh registered units, with one lakh operating in manufacturing and 3.5 lakh catering to the service sector.
