Mumbai, Mar 27 (UNI) Establishing a centre for manufacturing highly engineered and safety components for aerospace, rail, marine, power and energy under Bharat Forge's new project in Baramati will put Maharashtra on the global map, Chief Minister Vilasrao Deshmukh said today.
The Chief Minister was speaking at Vidhan Bhavan during the signing of Memorandum of Understanding (MoU) between the Government of Maharashtra and Bharat Forge.
Industries Principal Secretary V K Jairath signed the MoU on behalf of the Maharashtra Government and Bharat Forge Chairman and Managing Director B N Kalyani on behalf of the Company. Minister for Industries Ashok Chavan, Minister for Finance Jayant Patil and higher officials of the Industry Department were also present on the occasion.
Having created a leadership position as an innovative engineering company in the automotive space, Bharat Forge is now actively pursuing new growth and high technology areas such as aerospace, marine, rail, power, energy, mining and construction equipment. The centre will manufacture high technology, highly engineered critical and safety components for these industries with an investment of about Rs 350 crore, the centre will have a forging capacity of 30,000 MT per annum. The centre will spread over 100 acres of land and will employ a talent pool of over 1,200 highly skilled engineers and professionals.
The Chief Minister further said that it is a matter of pride that Bharat Forge has once again chosen Maharashtra for its new project. The new facility will accelerate the industrial growth of the region. Maharashtra Government will extend all the assistance needed to take the project forward. Government will extend necessary help for the success of this project, he added.
Mr Chavan said that the investment climate has become highly positive and many big industries like Bharat Forge are investing in the State. It shows that Maharashtra is clearly emerging as the most sought after State as far as fresh private investments are concerned.
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