Maharashtra signs MoUs worth ₹34,850 crore with 15 companies.

The Maharashtra Government recently signed MoUs worth Rs. 34,850 crore with 15 companies under the Magnetic Maharashtra initiative. Out of the 15, seven are in the data centre business.

A brief note shared by the Maharashtra Industrial Development Corporation said that among the companies,

Net Magic IT Services is planning another data centre with Rs. 10,555 crore investment. Adani Enterprises is also planning a data centre with Rs. 5,000 crore investment. The UK-based Colt company through Data Center Holdings India LLP would also be setting up a data centre with Rs. 4,400 crore investment,

Spain-based Mantra Data Centre is looking at setting up of the facility with Rs. 1,125 crore investment, STT Global Data Centres India Pvt Ltd. is investing Rs. 825 crore, while Singapore-based Princeton Digital Group will invest Rs. 1,500 crore and Nxtra India Rs. 2,500 crore in the data centre facility, the note said.

In the electronics space, Mitsubishi Electric India of Japan will invest Rs. 490 crore, Bright Sino Holdings Pvt Ltd. will invest Rs. 1800 crore in the oil and gas sector.

The investments by the 15 companies are expected to generate employment for 23,182 persons in Maharashtra.

HBL