Maharashtra signs deal with Blackstone Group for logistics parks

MUMBAI : In a major boost to Maharashtra’s industrial infrastructure, the state government has signed a Memorandum of Understanding (MoU) with global investment firm Blackstone Group for the development of over 10 logistics and industrial parks across key locations in the state.

The agreement, valued at Rs 51.27 billion in foreign direct investment (FDI), is expected to generate approximately 27,510 direct and indirect job opportunities.

The MoU was signed by Dr P Anbalagan, Principal Secretary of Industries, and R K Narayanan, President of Horizon Industrial Parks — a Blackstone entity — at Sahyadri Guest House, Mumbai, in the presence of Chief Minister Shri Devendra Fadnavis and Deputy Chief Minister Eknath Shinde. Also in attendance were senior officials including Ashwini Bhide, Principal Secretary to the CM, P Velarasu, CEO of MIDC, and Blackstone executives Tuhin Parikh, Alok Jain, and Ashish Agarwal.

The planned parks will be spread over 794.2 acres, encompassing a total built-up area of 18.5 million sq ft. They will be located in strategic logistics hubs such as Nagpur, Bhiwandi, Chakan, Khandwa, Sinnar, and Panvel.

Aligned with the Maharashtra Logistics Policy 2024, these developments aim to promote sustainable and tech-enabled infrastructure to drive employment, investment, and regional economic growth.

Calling the agreement “transformative,” CM Fadnavis said the initiative would help build world-class logistics and industrial hubs, reinforce India’s manufacturing and supply chain backbone, and strengthen Maharashtra’s position as a top investment destination.

The parks will also include green features and digital infrastructure to enhance efficiency and connectivity across the logistics sector.