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Business News

Jun 15, 2020

Maharashtra govt inks MOUs worth Rs. 16,100 crore with 12 global corporations for various developmental projects

Even as Maharashtra continues to battle coronavirus, the state government is leaving no stone unturned to revive the economy.

The state government today signed Memorandum of Understanding-MOUs with 12 global corporations from USA, China, South Korea and Singapore and India.

Some of the prominent companies investing in Maharashtra include Great Wall Motors Company, API Motors, United Phosphorus and ExxonMobil.

AIR Mumbai correspondent reports, the Memorandum of Understanding worth Rs. 16,100 crore were signed for various developmental projects in information technology, I-T enabled services, automobile, oil and petroleum, chemicals, logistics and food processing sectors.

The state’s industries department has informed that about 40,000-acre land has been earmarked for these projects.

The Maharashtra Industrial Development Corporation will develop the physical infrastructure so that these companies can start production at the earliest.

State Industries Minister Subhas Desai has further announced the establishment of a Labour Bureau wherein local candidates will be selected and trained for employment in these upcoming industrial units.

Meanwhile, Chief Minister Uddhav Thackeray has approved a set of Standard Operating Procedures for reopening of schools.

While all the schools will have to begin imparting online education to students for the first few months, classroom teaching can begin for secondary and higher secondary students from July in areas where not a single COVID case has been reported for atleast a period of one month.

The government has clarified that schools must conduct online classes for classes 3-5 only for an hour daily, two hours for classes 6-8 and a maximum of 3 hours for classes 9-12.

It adds that there will be no online teaching for students, upto class 2.

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