Maharashtra and Blackstone Ink ₹5,127 Cr MoU to Build Over 10 Logistics Parks in Strategic Cities

The Maharashtra government reportedly entered into a Memorandum of Understanding (MoU) with Blackstone Group's subsidiaries—Horizon Industrial Parks and Xsio Logistics Parks—to invest ₹5,127 crore in foreign direct investment (FDI). This partnership aims to develop over ten modern, sustainability-compliant industrial and logistics parks throughout the state.

Strategic Development Across Major Hubs

The logistics parks are planned in vital industrial and multimodal logistics centers including Panvel, Bhiwandi, Chakan (Pune), Nagpur, and Sinnar (Nashik). Spanning approximately 794.2 acres with a total construction area of 18.5 million square feet, the project is expected to generate about 27,510 direct and indirect jobs, bolstering Maharashtra’s industrial economy.

Alignment with Maharashtra Logistics Policy 2024

This initiative aligns with the Maharashtra Logistics Policy 2024, focusing on establishing eco-friendly and digitally advanced infrastructure. The parks will facilitate next-generation manufacturing, warehousing, and supply chain ecosystems, reinforcing Maharashtra's status as a premier destination for investment in India.

Leadership and Vision Behind the Initiative

The MoU signing was attended by prominent leaders including Chief Minister Devendra Fadnavis, Deputy Chief Minister Eknath Shinde, along with senior officials from the industries department. Blackstone representatives such as Tuhin Parikh, Head of India Real Estate, and Managing Directors Alok Jain and Ashish Agrawal were also present.

Chief Minister Fadnavis emphasized that the collaboration marks a significant move towards creating world-class, ESG-compliant industrial and logistics hubs in cities like Nagpur, Mumbai, and Pune, laying a strong foundation for manufacturing, warehousing, and supply chain excellence in India.

Economic Impact and Future Outlook

The agreement signifies a transformative development phase in Maharashtra’s industrial and logistics infrastructure. By promoting sustainable growth and generating substantial employment, the partnership is expected to uplift the state's economic landscape and set a model for future public-private infrastructure ventures.

Disclaimer: This news is based on information available from official announcements and press releases as of May 2025. Details are subject to change based on further developments.