Maharashtra ties up with Singapore and UAE by signing ambitious projects to promote innovative infrastructure

Mumbai, February 18: While countdown for Magnetic Maharashtra is ticking way faster! Maharashtra government inked a pact with Singapore with an aim to bolster the economy of the state. The government of Maharashtra and Monetary Authority of Singapore (MAS) signed cooperation agreement in presence of Chief Minister Devendra Fadnavis to promote innovation in financial services in respective markets and innovation in Startups. 

Chief Minister Fadnavis said that the MoU will facilitate knowledge sharing, joint programs, establishing partnerships between universities in Maharashtra & Singapore and sharing of information & experience on subjects common among the education programs.

Also inked a MoU to bring 7 billion dollars direct investment to finance Nagpur-Mumbai Samruddhi Corridor, between Maharashtra State Road Development Corporation (MSRDC), Government of Maharashtra and Bin Zayed International LLC UAE.

Expressing gratitude after signing MoUs, CM Devendra Fadnavis said that I am thankful to Bin Zayed International LLC UAE, for supporting one of the most ambitious projects of GoM, which will change the entire economy of the State and create huge employment. 

Meanwhile 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. PM Modi is also scheduled to have a closed-door meeting with CEOs of as many as 50 global companies.

The Magnetic Maharashtra summit officially called ‘Magnetic Maharashtra: Convergence 2018’ is expected to see the attendance of over 150 global CEOs as well as business tycoons from India. The event will also be attended by Ambassadors and Consul Generals of different countries. Chief Minister Devendra Fadnavis expects to sign a record 4,500 Memorandum of Understandings (MoUs) and investment intentions worth Rs 10 lakh crore.