Published On : Thu, Jan 22nd, 2015

Fadnavis draws Rs 3000 cr investment from General Electric in Maharashtra


Devendra Fadnavis with Pepsico's Indira Nooyi

Devendra Fadnavis with Pepsico’s Indira Nooyi

Maharashtra Chief Minister Devendra Fadnavis gestures pure business as he is attending World Economic Forum meet at Davos. This became evident from the fact that Fadnavis has drawn interest of global major General Electric (GE), a US-based company to invest Rs 3000 crore in Maharashtra.

GE Vice President John Rice announced this after his meeting with Fadnavis at Davos during the annual World Economic Forum, a press release issued here by the CMO said on Thursday.

The company will manufacture high capacity platform turbines, the release said. Similarly, Schindler, manufacturers of escalators and elevators, will also invest in the second phase of its project in Talegaon.

Fadnavis also discussed milk exports, food processing policy and nutritious food with Nestle officials.

He also invited representatives of Australian company YC, involved in paper recycling, to visit Maharashtra for investment opportunities. A team of company officials will visit the state next month, the release said.

Fadnavis also held discussions with Pepsico’s Indira Nooyi, Sanjiv Bajaj of Bajaj industries and Videocon’s R K Dhoot, it added.