ESR India signs agreement with Maharashtra govt to build 11 industrial parks around Mumbai & Pune, invests Rs4,310 crore

Warburg Pincus-backed logistics real estate firm ESR India has signed an agreement with Maharashtra government to invest Rs4,310 crore to set up 11 industrial and logistics parks around Mumbai and Pune. This affiliation with the Maharashtra government is aimed at encouraging industrial development in the state with streamlined land acquisition and administrative processes. The policy and regulatory reforms unveiled in recent times has accentuated the entry of international institutional players and has set new benchmarks for industrial developments in the country.
Abhijit Malkani and Jai Mirpuri, Country Heads, ESR India, says, “The Government of Maharashtra and the MIDC (Maharashtra Industrial Development Corporation) have been very supportive of our efforts to develop world-class industrial and logistics infrastructure in the state, and these MoUs will fast-track investment into these projects, accelerate their development, and help attract more multinational and national companies to Maharashtra.”
These parks, once fully operational, have the potential to create over 35,000 jobs in the state.