In a significant move set to bolster Maharashtra’s industrial and logistics landscape, the state government has inked a Memorandum of Understanding (MoU) with global investment giant Blackstone Group for the development of over 10 state-of-the-art logistics and industrial parks across strategic locations in the state.
The agreement, valued at ₹5,127 crore in foreign direct investment (FDI), is expected to create approximately 27,510 direct and indirect employment opportunities, further strengthening Maharashtra’s position as a premier investment and industrial destination.
The MoU was formally signed at the Sahyadri Guest House in Mumbai, with Dr. P Anbalagan, Principal Secretary of Industries, and R.K. Narayanan, President of Horizon Industrial Parks—a Blackstone Group entity—representing their respective organisations. The signing ceremony was graced by Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde, alongside senior government and Blackstone officials.
Spread across a sprawling 794.2 acres and offering a total built-up area of 18.5 million sq ft, the planned parks will be established in key logistics hubs such as Nagpur, Bhiwandi, Chakan, Khandwa, Sinnar, and Panvel. These hubs have been strategically selected for their connectivity and potential to act as vital nodes in India’s expanding logistics and manufacturing network.
Aligned with the recently unveiled Maharashtra Logistics Policy 2024, the collaboration is aimed at fostering sustainable, technology-driven infrastructure while facilitating economic growth, generating employment, and enhancing regional trade ecosystems.
Describing the agreement as a “transformative development,” Chief Minister Fadnavis emphasised, “This initiative will not only create world-class logistics and industrial hubs but will also reinforce India’s manufacturing and supply chain capabilities, positioning Maharashtra as a leader in modern infrastructure and a top-choice destination for global investors.”
As per the proposal, the parks will incorporate eco-friendly features, green building practices, and cutting-edge digital infrastructure to improve operational efficiency, sustainability, and multimodal connectivity in the state’s logistics sector.
The collaboration marks one of the largest recent FDI investments in India’s logistics infrastructure space and underscores Maharashtra’s proactive approach towards building future-ready, investor-friendly industrial ecosystems.
