Maharashtra Government has signed a Memorandum of Understanding (MoU) with Blackstone Group, a global investment firm, to develop 10+ modern logistics and industrial parks across key locations in the state.
Key Highlights
- Investment Value: ₹5,127 crore
- Type of Investment: Foreign Direct Investment (FDI)
- Developer: Blackstone Group (Global investment management firm)
- Land Area: 794.2 acres
- Total Built-up Area: 1.85 crore sq ft
- Employment Generation: Around 27,510 direct and indirect jobs
Project Locations
Logistics and industrial parks to be developed in key industrial zones including:
- Nagpur
- Bhiwandi (Thane)
- Chakan (Pune)
- Sinnar (Nashik)
- Panvel (Raigad)
These locations are strategically positioned as emerging logistics and industrial corridors in Maharashtra.
Alignment with Government Policy
- Policy Framework: These projects are in line with the Maharashtra Logistics Policy 2024
- Focus Areas:
- Sustainable development
- Tech-enabled infrastructure
- Environmental and digital efficiency
- Promotion of employment and economic growth
Significance of MoU
- Supports the development of world-class ESG-compliant (Environmental, Social, and Governance) logistics and industrial infrastructure
- Enhances supply chain management, warehousing, and manufacturing excellence in Maharashtra
- Strengthens multimodal connectivity and optimizes logistics networks in urban industrial centers like Mumbai, Pune, and Nagpur