Blackstone’s ₹5,127 Cr Investment to Boost Maharashtra’s Logistics Infrastructure

In a major push towards industrial development and job creation, the Maharashtra government has signed a Memorandum of Understanding (MoU) with global investment firm Blackstone Group. The agreement, valued at ₹5,127 crore in foreign direct investment (FDI), is aimed at developing over 10 logistics and industrial parks across strategic locations in the state, potentially creating around 27,510 direct and indirect jobs.

Why in News?

The MoU was signed on May 14, 2025, at Mumbai’s Sahyadri Guest House in the presence of Chief Minister Devendra Fadnavis and Deputy CM Eknath Shinde. This development aligns with the Maharashtra Logistics Policy 2024 and is seen as a major step in enhancing the state’s industrial infrastructure and attracting sustainable investments.

Key Highlights of the Agreement

• Investment Value: ₹5,127 crore in FDI.
• Employment: Approx. 27,510 jobs (direct and indirect).
• Developer: Horizon Industrial Parks, a Blackstone entity.
• MoU Signatories: Dr. P Anbalagan (State Principal Secretary) and R.K. Narayanan (President, Horizon Industrial Parks).

Project Scope

• Total Land Area: 794.2 acres.
• Built-up Area: 1.85 crore square feet.
• Locations: Nagpur, Bhiwandi, Chakan, Khandwa, Sinnar, Panvel — all emerging logistics hubs.

Strategic Objectives

• Enhance logistics and warehousing capacity.
• Support the Make in India and Digital India initiatives through smart infrastructure.
• Align with the Maharashtra Logistics Policy 2024 for tech-enabled, environment-friendly logistics facilities.
• Promote sustainable development and regional employment generation.

Government’s Vision

• Chief Minister Fadnavis termed the MoU “transformative,” emphasizing that it will:
• Strengthen India’s supply chain and manufacturing base.
• Position Maharashtra as a preferred investment destination globally.
• Contribute to economic growth through enhanced logistics efficiency and connectivity.