In a major boost to Maharashtra’s automobile sector, Deputy Chief Minister Devendra Fadnavis announced that Toyota Kirloskar Motor Company will invest ₹20,000 crore in Chhatrapati Sambhaji Nagar. This investment is set to propel the region forward, creating substantial employment opportunities and driving economic growth.
Toyota: Key Highlights
- Investment Details: Toyota Kirloskar Motor Company is committing ₹20,000 crore to the project.
- Job Creation: The investment will generate 8,000 direct and 12,000 indirect jobs, significantly boosting local employment.
- Economic Impact: This historic deal is expected to strengthen Maharashtra’s position in the automobile sector, particularly benefiting the Marathwada region.
Deputy CM’s Statement
Deputy Chief Minister Devendra Fadnavis emphasized the transformative potential of this investment, congratulating Marathwada for securing such a landmark deal. He noted that the investment would take Maharashtra a significant step forward in the automobile industry.
This initiative marks a significant milestone for Maharashtra, underscoring the state’s appeal as a prime destination for automotive investments.
