'PM Modi Asked Uttar Pradesh, West Bengal to Learn From Maharashtra on Investments'
In the recently held Magnetic Maharashtra event, all the state divisions received investment proposals.
Mumbai, Mar 19: Maharashtra Industries Minister Subhash Desai today said that Prime Minister Narendra Modi had asked Uttar Pradesh and West Bengal to take lessons from Maharashtra on attracting investments.
Speaking in the Assembly, Desai said, "After the investment drive in Maharashtra, similar drives were held in Uttar Pradesh and West Bengal. At the inauguration of both the events, PM Modi said that these states should learn from Maharashtra on the way it attracted investments."
"If one invests Rs 100 rupees in India, Rs 31 comes to Maharashtra, Rs 20 goes to Delhi, Rs eight goes to Bengaluru (Karnataka) and Rs five goes to Ahmedabad (Gujarat). It shows Maharashtra's importance when it comes to investments," Desai told the House.
He said that the state's rate of realisation of Memorandums of Understanding was 61 per cent against 21 per cent in neighbouring Gujarat.
These were the figures of investment proposals signed during the 'Make in India-Maharashtra' event held two years ago here, he said.
"In the recently held Magnetic Maharashtra event, all the divisions received investment proposals. This includes Amravati (378), Aurangabad (675), Konkan (400), Nagpur (442), Nashik (417) and Pune 332. There are some proposals which have been received but the companies have not yet finalised their location," Desai said.