Maharashtra signs MoUs, to create over 23K jobs, become data-centre hub

The MoU were signed with 15 firms and the aim is to bring in investments worth one lakh crore in the near future.


The Government of Maharashtra has signed various memoranda of understanding (MoU) with 15 national and international companies in a bid to bring in investments to the tune of Rs 34,850 crore and create over 23,000 jobs.

Of the MoU signed, seven pertain to data centres — for Nextra, Princeton Digital Group, Net Magic IT Services, Adani Enterprises, Mantra Data Centre, STT Global Data Centres India and Colt-Data Centre Holdings India LLP — for which over Rs 25,000 crore of the investment will go.

This is part of the State’s endeavour to become a hub for data centres and create jobs.

The rest of the money is being invested by big names, including Mitsubishi Electric India (Japan), Bright Cino Holding, Oriental Aromatics, Malpani Warehousing and Industrial Park, Evermint Logistics and ESR India.

These agreements were entered into as part of the Magnetic Maharashtra 2.0 initiative, and the target is to bring in investment to the tune of Rs 1 lakh.

Meanwhile, the agreements entered into with a few Chinese firms earlier have been put on hold for the time being, as the Centre’s stand is yet to be clarified. Agreements had been entered into with Hengli, Great Wall Motors and PMI Electro Mobiligy solutions, for Rs 250 crore, Rs 3,770 crore and Rs 1,000 crore, respectively.

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