The Government of Maharashtra has entered into a landmark Memorandum of Understanding (MoU) with the real estate developer Prestige Group, marking an investment commitment of over Rs 12,500 crore focused on strategic sectors including logistics, data centres, and Global Capability Centre (GCC) parks around Navi Mumbai. This partnership reflects Maharashtra’s drive to position itself as a key hub for technology-enabled services and advanced supply-chain infrastructure.
Key Highlights of the Investment Pact
- Total Investment: Rs 12,500 crore committed by Prestige Group.
- Sectors Covered: Logistics, Data Centres, Global Capability Centres (GCC) parks.
- Investment Locations: Primarily concentrated near Navi Mumbai, including Taloja and Khalapur.
Detailed Breakdown of Investment
Data Centre Campus at Taloja, Mumbai
- Investment: Rs 5,000 crore.
- Facilities: Large-scale data centre campus integrated with commercial and residential facilities.
- Timeline: Commencing in 2026.
- Job Creation: Expected to generate 1,200 direct jobs.
Global Capability Centre in Navi Mumbai
- Investment: Rs 5,000 crore.
- Area Covered: 100 acres.
- Purpose: Development of a GCC spread over the designated area.
- Timeline: Starts in the next year.
- Employment: Estimated 5,000 direct jobs.
Mega Logistics and Industrial Centre at Khalapur
- Investment: Rs 2,500 crore.
- Area: 250 acres.
- Facilities: Includes residential, commercial, and allied infrastructure.
- Job Opportunities: About 2,500 direct jobs expected.
Strategic Impact and Vision
- Economic Growth Catalyst: The pact is anticipated to accelerate Maharashtra’s growth in key emerging sectors, enhancing industrial competitiveness.
- Job Creation: This project will collectively generate approximately 8,700 direct employment opportunities.
- Industrial and Technological Hub: Maharashtra aims to become a magnet for global capital inflows by fostering a rich talent pool supported by robust connectivity and investor-friendly policies.
- Prestige Group's Expansion: For Prestige Group, this represents a significant diversification beyond traditional real estate into high-growth technology-related sectors, leveraging the state’s industrial policies.
Statements from Key Stakeholders
- Kaustubh Dhavase (Chief Advisor for Investment and Strategy to the CM of Maharashtra): Highlighted the pact’s role in accelerating growth within sunrise sectors.
- Zayd Noaman (Executive Director, Prestige Group): “Our focus on logistics, data centres, and GCC parks aligns with the State’s strategic priorities and will drive transformative growth.”
Why This Matters
The burgeoning demand for e-commerce, cloud infrastructure, global outsourcing, and last-mile delivery hubs, propelled by digitization, has exposed the critical need for advanced logistics and data capabilities. Maharashtra, with its existing industrial base and skilled workforce, is well-positioned to capitalize on these opportunities.
The state government continues to create a supportive ecosystem for large-scale infrastructure developments, offering policy incentives and land availability. This partnership underscores Maharashtra’s ambition to emerge as a national leader in technology and logistics infrastructure.
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