Mah is at number one position in foreign investment: CM

Mumbai, Dec 31 (UNI) Announcing that Maharashtra is at number one position in foreign investment, Chief Minister Vilasrao Deshmukh today said that 78 mega projects with an investment of Rs 72,000 crore were being planned.

In a release issued on New Year's eve, Mr Deshmukh said that the state's growth rate is over 10 per cent, and it has received 119 proposals for setting up of special economic zones (SEZs).

The Chief Minister said that he wanted to concentrate more on removing the power crunch in the state in the new year.

The state is facing a heavy power crunch, close to 5,000 MW.

Mr Deshmukh added that apart from solving the power problem, he wanted to get more investments in the state and also solve the problems of the farmers.

He said the state has concentrated on irrigation and power sector and has earmarked Rs 4,600 crore for irrigation and has started generation of additional power of 2,000 MW.

UNI