Maharashtra gets Rs.1.1 trillion power projects investments

March 10th, 2008 - 10:12 pm ICT by admin  

Mumbai, March 10 (IANS) Maharashtra Governor S. C. Jamir, appealing to the people to make judicious use of electricity, Monday said the state government has received investment commitments worth nearly Rs 114,000 crore (Rs.1.14 trillion) for 92 mega power projects in the past couple of years. Addressing the budget session of Maharashtra legislature here, Jamir, who took over additional charge of the state Sunday, said the government was aware of the peoples’ difficulties on account of power shortages and was making all efforts to solve the problem.

Towards this end, Jamir said work on new power generation projects at Paras, Parli, Khaperkheda and Bhusawal with an aggregate capacity of about 2,000 MW, have has already commenced. The 250MW unit at Paras has been commissioned.

He said the investor response to the state has been “positive” with several big ticket investment proposals committed by multinational corporations in the automobile, information technology, electronics, textiles and infrastructure sectors.

Maharashtra continues to lead in the number of Special Economic Zones - as many as 128 - that have been accorded approval by the centre, Jamir added.

Only during 2007, Industrial Entrepreneur Memorandum and Letters of Intent involving investments of around Rs.626 billion were signed for 454 projects in the state, which promise to generate an employment potential of 210,000 people.

Similarly, letters of intent were issued to 72 private IT and 19 biotechnology parks.

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