Kolkata, New Delhi, INDIA. New York, USA.
Business Aajkal, MUMBAI, 14 May 2025: The Maharashtra government has signed a Memorandum of Understanding (MoU) with subsidiaries of Blackstone Group—XSIIO Logistics Parks and Horizon Industrial Parks—with the aim of boosting the state's industrial infrastructure. The agreement is expected to attract Rs 5,127 crore in foreign direct investment (FDI) and create approximately 27,510 jobs.
The MoU was formalized at the Sahyadri Guest House between Industries Secretary Dr. P. Anbalagan and R. K. Narayanan, president of Horizon Industrial Parks. This partnership focuses on developing modern logistics and industrial parks across Maharashtra’s key industrial and multimodal logistics hubs, enhancing the state's infrastructure and economic growth, as per a statement from the Chief Minister's Office (CMO).