Maharashtra taps Japan to boost investment

MUMBAI: The state has added another feather to its tag as the most favoured investment destination in the country.

The state government earlier this month signed a memorandum of understanding (MOU) with the Japan External Trade Organisation (JETRO) for industrial investment.

According to the terms of the MOU, the government will facilitate investment from Japanese firms by identifying and allotting plots in MIDC areas.

State officials said that the government is eyeing investment mainly along the investment nodes planned as part of the ambitious Delhi Mumbai industrial corridor.

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