Chief Minister Uddhav Thackeray recently launched the 'Magnetic Maharashtra' phase two, as an integral part of the '"Mission Begin Again" campaign, in order to bring the economy back to life amid the coronavirus pandemic. The event is the first ever step in the post COVID-19 times to encourage industrial growth. The government event 2.0 will be witnessing an investment of Rs 7,000 crore in the city of Pune.
The investment is likely to produce more than 10,000 jobs in Pune, increasing the jobs opportunities among the people. The state government has decided to involve the small scale industries to create more job opportunities, that can act as a supplement to the impending industries.
Thackeray confirmed, that the state has signed 12 memorandum of understanding(MoU) with various companies including the US, China, South Korea and Singapore in addition to Indian companies for an investment of 16,000 crores. The details will be dispatched to the districts to analyse the industrial needs. The MoU mentioned creating 10,000 jobs for the Punekars and will also produce jobs from other industries that go with these industries. The investment planned by the government is expected to revive the economy that has been disabled because of the coronavirus induced lockdown.
Joint Director, Industries, Pune division, Sadashiv Survase stated that apart from the 7,000 crore investment, the Chinese company, Great Wall Motors (GWM) project which makes electric vehicles, is an important opportunity for Pune, that is expected to create employment opportunities and ensure financial security. The company was issued land in the Pune district, but unfortunately could not finalise it because of some financial and technical issues. But recently, the company has chosen the state again and if the plan is executed then it can prove to be a favourable opportunity for the industry trust. Effective infrastructure is available in the Pune district for the automobile sector, the state also has supplementary industries for this sector and efficient labour for the industry.
Full capacity work is already going on in the infrastructure and transportation in Pune by the Acsendas Group of Singapore. China's Greatwall and PMI are also arriving in the automobile industry. In order to implement the electronic design system, a South Korean company is expected to come to Ranjangaon. Another project by the Varun Beverages Company for food processing is likely to start at Supa, which is near Pune. This particular project is likely to help Pune and generate financial benefits.