PM Modi to inaugurate Mega ‘Magnetic Maharashtra Convergence 2018’ Conclave on February 18

Mumbai, February 14: Prime Minister Narendra Modi set to inaugurate the Mega ‘Magnetic Maharashtra Convergence 2018’ on February 18 to 20. Global Investors Summit titled ‘Magnetic Maharashtra: Convergence 2018’, set to highlight key areas like industries, infrastructure, textile and food processing, defence manufacturing and electronics etc. 

The sectors being tapped for global partnership through Delhi-Mumbai Industrial Corridor (DMIC) are Information Technology, Food Processing, Logistic hubs, Electronic hubs and Automobile industries.

Meanwhile, Chief Minister Devendra Fadnavis unveiled official logo and website for the same which entails plans the state government has for the mega global investors’ summit. Besides home-grown business tycoons, such as Mukesh Ambani and Anand Mahindra, Virgin Atlantic Group Founder and Chairman, Richard Branson will be among the hosts of business leaders who will be attending the Summit.

With this mega-summit, Maharashtra set to enter into agreements entailing investments of over $160 billion.

The Magnetic Maharashtra policy- Fintech Policy was unveiled recently to attract investments of $2 billion with a unique model to create five defence manufacturing hubs near military bases in the state.

Maharashtra has planned the defence and aerospace-manufacturing hubs in Nagpur, Pune, Aurangabad, Ahmednagar and Nashik. All these five cities have significant military establishments, which will enable them to create adequate demand.

In 2016, Maharashtra played host to Make in India, which was also held in Mumbai. The three-day conclave is being organised by the state government to project its “achievements” in core sectors and further tap global investors.