Maharashtra government has inked a memorandum of understanding (MoU) with Horizon Industrial Parks and Xsio Logistics Parks for the development of over ten sustainability-compliant industrial and logistics parks across the state.

This will be one of the largest foreign direct investment (FDI) backed investments in the state’s logistics and industrial sector to date, the industries department officials said.

The MoU was signed in presence of Chief Minister Devendra Fadnavis, Deputy Chief Minister Eknath Shinde, industries secretary P Anbalagan, Tuhin Parikh, Head of India Real Estate, Blackstone, Alok Jain, Managing Director, Blackstone, RK Narayan, President, Strategy & Business Development, Horizon Industrial Parks, and Ashish Agrawal, Managing Director, Xsio Logistics Parks.

“It will result in setting up more than ten modern industrial and logistics parks that will be developed in locations such as Panvel, Bhiwandi, Chakan (Pune), Nagpur and Sinnar (Nashik). The development will cover 794.2-acre with a construction area of 18.5 million square feet, involving a total Foreign Direct Investment (FDI) of ₹5,127 crore,” Fadnavis said in a post on X.

“The projects will be environmentally friendly, equipped with digital infrastructure, and aligned with the Maharashtra Logistics Policy 2024. They will catalyse next-generation manufacturing, warehousing, and supply chain ecosystems, reaffirming Maharashtra’s leadership as the country’s premier investment destination,” the industries secretary said.