Magnetic Maharashtra

Magnetic Maharashtra is a summit held in Maharashtra, India, aimed to attract investment into the economy of Maharashtra.[1][2]

Magnetic Maharashtra
CountryIndia
Prime Minister(s)Narendra Modi
StateMaharashtra
Key peopleMinistry of Finance
Launched18 February 2018 (2018-02-18)
StatusActive

Under Chief Minister Uddhav Thackeray, "Magnetic Maharashtra 2.0 was launched in 2020.

2018

The 2018 edition of the summit, called Magnetic Maharashtra: Convergence 2018, was organised from 18 to 20 February 2018, at MMRDA Ground, Bandra-Kurla Complex, Mumbai, India.[3] The event was inaugurated by the ten Chief Minister of Maharashtra, Devendra Fadnavis[4] and was attended by Prime Minister Narendra Modi[5] and NITI Aayog CEO Amitabh Kant.[6] The summit attracted an investment of ₹12.1 trillion (US$150 billion) [7] with ₹35,000 crore (US$4.4 billion) in the renewable energy sector.[8]

2020

The second edition of the summit. called Magnetic Maharashtra 2.0 was launched in June, 2020,[9] amid the COVID-19 pandemic in Maharashtra. The event was inaugurated by Chief Minister of Maharashtra Uddhav Thackeray.[10][11] 56 MOUs with investments worth ₹129,439 crore (US$16 billion) were signed.[12]

References
  1. Jayakumar, P. B. (15 February 2018). "'Magnetic Maharashtra' investment summit targets to attract Rs 10 lakh crore". Business Today. Retrieved 18 February 2018.
  2. Jain, Bhavika (14 February 2018). "Govt estimates big investment in various sectors ahead of 'Magnetic Maharashtra' summit". Times of India. Retrieved 18 February 2018.
  3. Abhijit (16 February 2018). "Magnetic Maharashtra: Convergence Maharashtra 2018". Our Nagpur. Retrieved 8 October 2021.
  4. "Magnetic Maharashtra: Convergence 2018: Government hopes to get Rs 10 lakh crore investments at Magnetic Maharashtra | Mumbai News - Times of India". The Times of India. TNN. 6 February 2018. Retrieved 8 October 2021.
  5. "Magnetic Maharashtra: Attracting Domestic And Foreign Direct Investments". RealtyNXT. 21 February 2018. Retrieved 8 October 2021.
  6. "'Magnetic Maharashtra' Convergence Summit 2018: All you need to know". The Indian Express. 18 February 2018. Retrieved 8 October 2021.
  7. Ghadyalpatil, Abhiram (21 February 2018). "Magnetic Maharashtra summit: 4,106 MoUs worth Rs12.10 trillion signed". mint. Retrieved 8 October 2021.
  8. "Maharashtra: State signs MoU worth Rs 35,000 crore in renewable energy sector". The Indian Express. 14 September 2021. Retrieved 8 October 2021.
  9. "Economic Survey 2021: Maharashtra attracted Rs 1.13 lakh crore investment under Magnetic Maharashtra 2.0". Free Press Journal. Retrieved 8 October 2021.
  10. Deshpande, Alok (15 June 2020). "Uddhav to kick-start Magnetic Maharashtra 2.0 with 12 pacts". The Hindu. ISSN 0971-751X. Retrieved 8 October 2021.
  11. Deshpande, Alok (15 June 2020). "State signs 12 MoUs in Magnetic Maharashtra 2.0". The Hindu. ISSN 0971-751X. Retrieved 8 October 2021.
  12. MIDC (9 July 2021). "Covid no deterrent for MIDC, Maharashtra remains Magnetic with investment intentions of over Rs 1 lakh crore". ThePrint. Retrieved 8 October 2021.
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