Monday, March 17, 2008

Maharashtra Inks Agreement With Cummins For Unit In Satara

Mumbai: The Maharashtra Government has tapped Rs 1,776 crore in the latest round of investments. On March 15, seven memorandum of understanding were signed by the Industries Department for opening diverse manufacturing facilities in the State, which will come up in the next three years. Over last the three years, the State Government, which has attracted an investment of Rs 1.14 lakh crore, has cleared 93 mega projects. The Maharashtra Chief Minister, Mr Vilasrao Deshmukh, said that the majority of investments were coming up in relatively backward districts such as Aurangabad, Nagpur and Satara. Cummins group inked three MoUs with a total investment of Rs 900 crore. The group would be setting factories in 150-acre area near Phaltan, Satara for producing engines for trucks and buses and generator sets.

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