Maharashtra seeks investment from Abu Dhabi, in infra projects

Maharashtra chief minister Devendra Fadnavis, has said that the government will set up a joint task force with the Abu Dhabi Investment Authority, to explore investments in key infrastructure projects like the metro rail, Navi Mumbai airport and smart cities

The Maharashtra government and Abu Dhabi Investment Authority, will set up a joint task force to explore and facilitate investment in key infrastructure projects in the state. The suggestion came from chief minister Devendra Fadnavis, during a meeting with the Authority representatives on March 2, 2017. The meeting discussed prospects for investment in the state.

“The chief minister directed that a joint task force be set up, to explore investment possibilities in mega projects like the Maharashtra Samruddhi Corridor, metro rail, Navi Mumbai airport and smart cities,” an official from his office said. He said the Authority is interested in investing in infrastructure and other projects. The visiting Abu Dhabi officials sought details of investment projects in the state.

“The state government officials made a presentation on the Nagpur-Mumbai knowledge corridor, metro rail, Navi Mumbai airport and the Smart City project. They explained efforts being taken by the state government, for attracting investments in these projects,” he said. The delegation told the chief minister that they will positively consider investing in the state, he said.

See also: Maharashtra to ease land revenue norms, for infrastructure projects

Speaking on the occasion, Fadnavis said that to boost investment, his government has made changes in the industrial policy and taken steps to improve ease of doing business.

In the last six months, Maharashtra has received 50% of the investment coming in the country.

Maharashtra is the most favoured destination for investment and it provides good opportunities to Abu Dhabi to park its money, the CM said.


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