Pune attracts investors, to generate at least 18,000 jobs

About eight companies are gearing to invest over Rs 10,000 crore by setting up their offices in Pune

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Sadashiv Survase, joint director of the Maharashtra Directorate of Industries, said that of the eight companies that will invest in the Pune region, five are involved in logistics while the rest are involved in electronics and data centres.

Pune will soon see logistics and electronics companies as well as data centres coming up and offering employment opportunities to about 18,000 job seekers. These companies are expected to be established in the Chakan Phase II and Talegaon industrial areas of the city.

More than Rs 10,000 crore is being invested by these companies, which will generate employment for at least 18,000 people. The process of land transfer and other administrative formalities are already underway, post signing of MoUs.

Pune is an ideal choice for investors due to its proximity to Mumbai, infrastructure, connectivity and trained talent pool.

A part of the Chakan area has been set aside for logistics parks to come up. Currently, the logistics parks in the region are doubling up as warehouses for various organisatins.

Earlier this month, the Government of Maharashtra had 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 in the state.

Of these MoUs, 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.

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