Overview

• The Maharashtra government signed an MoU with Blackstone-backed Horizon Industrial Parks and Xsio Logistics Parks for a ₹5,127 crore foreign direct investment.
• The agreement outlines the development of more than 10 state-of-the-art, sustainability-compliant logistics parks across 794.2 acres in key industrial hubs like Nagpur, Bhiwandi, and Panvel.
• Approximately 740 acres of land have already been acquired, with preparatory work initiated at select sites, including a Grade ‘A’ park in Nagpur.
• The parks are expected to be operational within 18 months, with significant employment impacts anticipated by 2026, generating 27,510 direct and indirect jobs.
• This initiative aligns with the Maharashtra Logistics Policy 2024 and aims to bolster the state’s manufacturing, warehousing, and supply chain ecosystems.