State to witness Rs 1L crore investment in next 10 days: Uday Samant
By Lokmat English Desk | Updated: August 12, 2024 20:25 IST2024-08-12T20:25:03+5:302024-08-12T20:25:03+5:30
Lokmat News Network Chhatrapati Sambhajinagar: Industry Minister Uday Samant today underlined that four industries have invested a massive Rs ...

State to witness Rs 1L crore investment in next 10 days: Uday Samant
Lokmat News Network
Chhatrapati Sambhajinagar:
Industry Minister Uday Samant today underlined that four industries have invested a massive Rs 53,000 crore in the Auric City of Delhi Mumbai Industrial Corridor (DMIC). This investment is expected to spark an industrial revolution in Marathwada. Besides, an investment of another Rs 1 lakh crore is expected in the state in the next eight to ten days, said Samant while addressing a press conference in the city on Monday.
Opponents have started spreading false propaganda, claiming that these investment announcements are being made with the upcoming assembly elections in mind. However, the felicitation of senior officials from the companies investing in Chhatrapati Sambhajinagar and myself by the Marathwada Association of Small Scale Industries and Agriculture (Massia) has served as a slap to the critics, underlined the Industry Minister.
He said that four companies—Lubrizol, Ather Energy, Toyota-Kirloskar, and JSW Mobility—have decided to invest approximately Rs 53,000 crore in Auric City. Due to this investment, Massia honoured me as the Industry Minister and the company officials today. These companies will create employment opportunities for about 15,000 youths. The companies have been advised to provide skill development training to the youth to meet their requirements for skilled manpower. Besides, an ecosystem for the necessary spare parts already exists here. However, the companies have also been instructed to interact with small entrepreneurs to develop a vendor chain locally, said Samant.
Although an investment of Rs 53,000 crore has come to Marathwada, another Rs 1 lakh crore investment will come to Maharashtra in the next eight to ten days. This investment will be distributed across various regions of Maharashtra, he mentioned. Despite this, opponents are attempting to create a fake narrative that this investment is only for the elections.
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