2 March , 2022 Fdiindia
Maharashtra Government in Talks with European Countries for FDI
The state government of Maharashtra is engaging with European nations to attract foreign direct investment (FDI) in sectors such as renewable energy, electric vehicles, logistics, machinery, and chemicals.
To maintain Maharashtra as one of the leading destinations of FDI in India, the state government is working with the European Business and Technology Center (EBTC) and Primus Partners.
A series of interactive, closed-door meetings were held with the heads of Europe-India bilateral chambers of commerce, senior representatives of European diplomatic missions in India, and top executives from major companies in Europe.
“The meetings focused on assessing the demand for different innovative and sustainable solutions offered by European businesses to facilitate Maharashtra’s long-term industrial and investment goals and define paths for their entry into the state as we collectively step out of the lull caused by the pandemic,” said an EBTC statement.
The EBTC said that it was a splendid opportunity for European businesses that have caused industries become more sustainable and environmentally conscious.
“The discussions initiated by EBTC and Primus Partners are indeed meaningful and will help in further strengthening the presence of European businesses in the state of Maharashtra,” said Baldev Singh, Additional Chief Secretary, Industries Department, Government of Maharashtra.
Maharashtra provided a great opportunity for European stakeholders, said Poul V. Jensen, MD, EBTC, to explore the Indian market and the focus on sustainable development made the state as a primary area where Europe sees a huge scope for growth and potential for India.
“Leading European businesses view India as a massive opportunity and huge consumption market and closer business ties between both regions is crucial to sustainable and inclusive growth,” said Arnaldo Abruzzini, Member of Advisory Board, EBTC, and former CEO of EUROCHAMBRES.
India’s Net Zero goals and measures on climate change combined with European nations’ thought and tech leadership in these fields make for a solid foundation for collaborations in areas of energy, transportation, and urban infrastructure, said Davinder Sandhu, Chairman, Primus Partners.