GE proposes to invest Rs. 3,000 Cr more in Maharashtra.

US energy major GE is planning an additional investment of Rs. 3,000 crore in Maharashtra. The investment would be primarily made for producing large-capacity power turbines in the State.

GE's Vice-Chairman John Rice made the announcement at Davos, Switzerland, after holding consultation with Chief Minister of Maharashtra Devendra Fadnavis, who is leading a large delegation of officials and senior management members of corporate houses. The company had come to Maharashtra in a big way in mid-2011, with an investment of Rs. 700 crore for manufacturing healthcare equipment, gas engines and also assemblies and testing of wind turbines.

According to a statement issued by the Chief Minister,s office recent afternoon, Rice said that the industrial developments triggered in Maharashtra by the 'Make in India' campaign were admirable. Executive Vice-President of Nestle (Asia, Oceania and Africa) Nandu Nandkishore also held discussions with Fadnavis on opportunities for exporting milk and policy for food processing, the statement said.

Recently, the Chief Minister had met Chairman of Nomura, Minoru Shinohara, a Japanese financial company, for developing coastal roads around Mumbai city.

Coastal road is a technically challenging and important road project for the city.

The Chief Minister also met executives from companies such as PepsiCo, Videocon and Bajaj Group.


HBL