Rs 2,000 cr foreign investment likely in Maharashtra

MUMBAI: Maharashtra government said foreign investment worth Rs 2,000 crore was likely in the state. Chief Minister Vilasrao Deshmukh, who returned from an official tour to Europe earlier on Thursday, told reporters here that eight MoUs were signed during the visit.

The Rieter Group of Switzerland would set up a Rs 350- crore cotton spinning machinery manufacturing unit, he said. The Outokumpo company would set up a Rs 300-crore coil and plate service centre near Mumbai, he said.

The Schlumberger group would invest Rs 900-crore in an engineering and manufacturing unit in the SEZ near Pune, he added.

Italian vehicle manufacturer Piaggio would set up Rs 450- crore unit at Baramati in Pune district, Deshmukh said.