Photo: PTIMumbai: Maharashtra signed investment commitments worth around Rs4.85 trillion with a number of global and domestic companies on Monday, the second day of the Magnetic Maharashtra Global Investors Summit. Chief minister Devendra Fadnavis said the state was likely to exceed its target of signing memoranda of understanding (MoUs) worth Rs10 trillion. Ahead of the three-day summit, the state had set a target of signing nearly 4,000 MoUs that would create 3.5 million jobs. “Looking at the overwhelming response, we are likely to sign investment commitments worth Rs12 trillion by the end of the investors’ summit. In the power sector, Maharashtra signed MoUs with Tata Power Co. Ltd and ReNew Power Ventures Ltd for investments of Rs15,560 crore and Rs14,000 crore, respectively.

Source: Mint February 19, 2018 19:30 UTC