|MoU signing ceremony between MIDC and Jindal Polyfilms|
Maharashtra Economic Development Council (MEDC) alongwith Govt. of Maharashtra organized a one day conference-‘The Manufacturing Magnet International Summit 2012’. The summit focused on various salient aspects of the recently launched‘New Manufacturing Policy (NMP)’ by the Government of India through various panel discussions involving eminent experts from government (centre and state), industry and MNCs.
Maharashtra Chief Minister Mr. Prithviraj Chavan was the chief guest of the event and inaugurated the one day summit, Mr. Arun Maira, Member Planning Commission, delivered the key note address, State Industry Minister, Mr. Sachin Ahir was the Guest of Honor and Dr. Kshatrapati Shivaji, Principal Secretary-Industries, GoM & CEO,MIDC was the special guest.
Key speakers at the seminar were: Sunil Porwal (Principal Sec.-Textiles) Dharmakirti Joshi (Director & Chief Economist, CRISIL), Vinod Juneja (MD, Binani Group of Industries), Anil Jain (MD & CEO, Jain Irrigation), Ajit Ranade (Chief Economist, Aditya Birla Group), A.M. Khan (IAS Retd, Ex. Principal Secretary-Industries, GoM), Rajiv Kapoor (President & CEO, Fiat India Automobiles), Keval Handa(MD, Pfizer Ltd), Nikhil Chaturvedi(MD, Provogue (I) Ltd), Akhil Jindal (Executive Director, Welspun),L. S. Kanodia (President IACC & Chairman Datamatics Ltd) and Sabhyasachi Ray(ED, GJEPC).
The summit was well attended by leading delegates from top companies of India, MNCs and delegates from Germany, Russia, Korea, China, Italy and African countries.
Summit highlight -
The highlight of the summit was the signing of the 1511 crores worth MOU for mega projects between Govt. of Maharashtra and five companies. More significantly, these companies will be opening industrial plants in the backward (D zone) and very backward areas (D+ zone) of the state in order to provide equitable industrial growth and employment.
Excerpts from the chief guest, Maharashtra C M, Mr.Prithviraj Chavan’s address :
On the occasion the Maharashtra CM Mr. Prithviraj Chavan said’ Maharashtra is the most industrialized state of India and will acts as a magnet to attract investment with its new industrial policy as there is intense competition among the various states themselves’. He further added ‘I compliment Government of India for framing the New Manufacturing Policy (NMP) and now each state should plan their own policy taking the lead from the New Manufacturing Policy (MNP)’.He then stated ’Maharashtra Government is keen to resolve the VAT issue with the auto sector at the earliest and open for any kind of discussions’.
He further said ‘Maharashtra is 2nd largest state to produce cotton most of which is processed outside Maharashtra, with the recently launched ‘Textile Policy’ we hope to attract about 40,000 crores in Textile Industry at same time making sure that all this development does not disturb the state’s agricultural base, as 56% of the population yet depends on agriculture’. He then added ’ we also face a big challenge regarding environment and therefore have ambitious plan to plant 100 crore trees in the state order to make Maharashtra green’.
Dr. Kshatriya Shivaji, special guest of the event signed MoUs worth Rs.1511 crores with the leading Indian companies under Maharashtra Govt.’s Mega project Policy . Under the Mega Project policy, the Government of Maharashtra has approved 320 mega projects with an approximate investment of Rs.2,68,108 crores and creating employment opportunities for 3.11 lakh people. Out of these 320 projects, 95 have gone into production and 240 projects with an approximate investment of Rs.1.71 Lakh crore will be set up in backward areas of the state.
Further, under the Mega Project Policy domestic as well as foreign investment has been attracted on a large scale. Under this policy, General Motors. Volkswagan, Daimler Crysler, Sanny Heavy Industries, Bridge Stone, L.G. Electronics, Mico Bosche, Boeing, Imsofer Manufacturing, Hyundai heavy industries, Piaggio Vehicles, Posco Ltd etc. renowned companies have invested in the State.
List of cos and projects who signed MoUs :
i) Jindal Polyfilms - The Company has proposed to invest Rs.450 crores for undertaking an expansion project for the manufacturing of polyester chips, BOPET Film, BOPP Film, Coated Film and Metalized Films at village Mundegaon, Tal. Igatpuri, Distt.-Nashik in ‘D+’ zone to provide employment to 110 local persons.
ii) Ruchi Soya Industries - The company has prosposed to invest Rs.143 crores for setting up Soya Food Complex with facilities for Oil extraction & oil refining and a 3 MW Captive Bio-Mass CO-generation Plant at Washim, Distt. Washim, and Bio-mass Briquettes Manufacturing unit and Grain processing unit in Yuvatmal, Jalna, Nanded, Buldhana and Chandrapur districts to provide employment to 710 local persons.
iii) Solar Industries(India) - The company has proposed to invest 233 crores for undertaking expansion of manufacturing of small explosives, cast boosters, detonating fuse plants, PETN, bulk explosives and backward integration and manufacture of electronic detonators, crystalline paraffine wax, Sodium perchlorate and dust suppressors and a 5 MW Captive Power Plant at Chakdoh, Tal, Distt.Nagpur falling in ‘D+’ zone to provide employment to 750 local persons.
iv) Economic Explosives Ltd - The Company has proposed to invest 380 crores for undertaking the product mix up-gradation of detonators, expansion of shock tubes, delay element manufacturing, backward integration and modernization of its existing facilities at Sawanga, Tal. And Distt Nagpur falling in ‘D+’ zone to provide employment to 800 local persons.
v) M/s Ambuja Cement Ltd - The company has proposed to invest Rs.305.52 crores to undertake expansion for augmenting the manufacturing capacity of Cement Plant from 36 lakh MTPA to 45 Lakh MTPA and to set up a 15 MW Captive Power Plant at Upparwahi, Tal.Korpana, Distt. Chandrapur to provide employment to 133 local persons.
Government of Maharashtra has granted status of Mega Projects to these projects on the basis of the level of fixed capital investment.