As per the reports, Pune is expected to create 18000 new jobs due and receive an investment of about Rs. 10,000 crores. The Government of Maharashtra has signed MoUs with eight mega-companies that will invest this huge sum of money in the city.

Confirming the news, the joint director of the Maharashtra Directorate of Industries, Sadashiv Survase, said that five of these eight companies are involved in logistics whereas the other three belong to the sectors of electronics and data centers.

The eight companies have assured an employment generation for 18454 people, in Pune, Maharashtra with the investment going up to Rs. 10,505 crore.

As per reports, Pune is a great location for all these companies, especially because it is quite close to major urban markets, such as Pune and Mumbai. Additionally, there is a good road and air connectivity and skilled employees are easily available in the city.

These companies are planned to be set up in Chakan phase II whereas some of the companies will be set up in the Talegaon industrial area.

The Maharashtra Industrial Development Corporation (MIDC) has also reserved a part of the land in Chakan for logistics parks. The current logistics companies will also be working with e-commerce giants along with using as warehouses for companies. 

As per reports, the administrative process to facilitate the transfer of land and setting up units has begun already, now that the MoUs have been signed by the Government.

Recently, the Government of Maharashtra has also signed memoranda of understanding (MoUs) with 15 national and international companies, which attracted an investment of Rs 34,850 crore and created more than 23,000 jobs in the state.

As per reports, seven of these companies are data centers, viz. Nextra, Princeton Digital Group, Net Magic IT Services, Adani Enterprises, Mantra Data Centre, STT Global Data Centres India and Colt-Data Centre Holdings India LLP. more than Rs. 25,000 of the investment is reserved for.