The state government’s Make in India initiative to boost investment in industries has started yielding results in this North Maharashtra district. Funding worth Rs 915 crore is set to come Nashik’s way with as many as 141 large and Micro, Small and Medium Enterprises (MSME) deciding to begin operations here in next two-three years.

The industrial units that will come up in the Maharashtra Industrial Development Corporation (MIDC) as well as non-MIDC areas will provide direct employment to 5,500 people.

Of the 141 units slated to set up base, 43 of them with Rs 159 crore investment will come up in the MIDC areas. The remaining 98 units will invest Rs 756 crore in private and co-operative industrial estates, a senior official from industrial department told.

These units had signed MoUs with the state government during Make in India week held in Mumbai in February. Of 141 companies looking to set up plants here, around 30 already have land in possession.

The official said, “Our objective is to implement the proposed industrial projects under Make in India. We are continuously pursuing with the industries that have signed MoUs under Make in India for faster implementation of the projects. We just reviewed all Make in India industrial projects coming up in Nashik.”

Source: The Times of India