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MIDC signs 25 MoUs worth Rs 15,260 crore at Dubai World Expo 2020

Monday, 22 Nov 2021
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At the ongoing World Expo 2020 being held in Dubai, the Maharashtra Industrial Development Corporation (MIDC) inked 25 memoranda of understanding (MoUs) with a proposed investment of almost Rs 15,260 crore (USD two billion) under Magnetic Maharashtra 2.0.

With this, Magnetic Maharashtra 2.0 was in its seventh edition and its first international edition.

The memoranda of understanding (MoUs) signed are in key sectors such as auto and auto components, logistics, electric vehicles, textiles, data centre, pharma, bio-fuels and energy.

This proposed investment would have potential direct employment generation for 10,851 people.

Companies looking to invest in Maharashtra are from Japan, Singapore, Sweden, Korea, Germany and Italy.

The Maharashtra government is participating in Dubai Expo between 19 November 2021 and 2 December 2021 and has a delegation led by Minister of Industries, Subhash Desai, joined by other seniors of the Industries department between the 19 and 21 of November 2021.

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