Pune Division Witnesses Surge in Investments: Rs. 21,737 Crores Pledged in District-Level Conferences

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Pune, 19th March 2024: To stimulate industrial growth, district-level investment conferences were organized across Maharashtra, providing a platform for both small and large industries. These conferences, facilitated by the Maharashtra Industries Department, were conducted throughout March in the Pune Division, encompassing districts such as Pune, Satara, Sangli, Solapur, and Kolhapur. The objective was to attract investments and foster economic development.

Remarkably, Pune Division witnessed a substantial influx of investments, totalling Rs. 21,737 crores through 302 Memorandums of Understanding (MoUs). This significant investment is expected to generate employment opportunities for 42,534 individuals over the next two years. Notably, Pune District emerged as the frontrunner, attracting the highest investment of Rs. 16,581 crore through 72 MoUs, potentially creating 29,013 jobs.

The momentum extended beyond Pune, with Kolhapur, Solapur, Satara, and Sangli districts also securing substantial investments. Kolhapur received investments worth Rs. 1,530 crore through 52 MoUs, Solapur garnered Rs. 1,481 crore through 62 MoUs, Satara secured Rs. 1,116 crore through 56 MoUs, and Sangli attracted investments worth Rs. 1,127 crore through 60 MoUs. These investments are anticipated to create thousands of job opportunities across these districts.

Prashant Girbane, Director General of Mahratta Chamber of Commerce, Industries and Agriculture, emphasized the importance of these initiatives in boosting Maharashtra’s reputation as a leading investment destination. He advocated for regular district-level investment conferences to further stimulate investment inflows, highlighting the efforts undertaken by organizations like the Maratha Chamber to facilitate investment promotion activities.