1. Home
  2.  |  
  3. State Current Affairs |  

Maharashtra government signed MoU with Blackstone and Panchshil SPV for three projects

Jul 2, 2015 09:19 IST

The Maharashtra government on 30 June 2015 signed an Memorandum of Understanding (MoU) with Blackstone and Panchshil SPV for three projects worth 4500 crore and generation of some 50000 jobs.

Blackstone will invest 750 crore rupees in developing EON Free Zone SEZ; 1200 crore rupees in developing Hinjewadi Phase-3; 1500 crore rupees in IT Park in Central Mumbai and 1050 crore rupees in other IT parks in Mumbai.

Blackstone is a premier global investment and advisory firm that strives to provide solutions that create lasting value. Their portfolio companies employ more than 600000 people across the globe, making it a major factor in economies around the world.

Panchshil SPV is a well known reality firm known for implementing the best construction practices in the industry and have transformed themselves into one of Pune’s leading property developers. The company offers finest of the Luxury Residences, Integrated Workspaces, Special Economic Zones, Built-To-Suit Campuses, Hospitality or Retail.

Panchshil Realty is a portfolio company under Blackstone.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Is this article important for exams ? Yes1 Person Agreed
Read more Current Affairs on: Maharashtra government , Blackstone , Panchsil SPV

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK