The 55th World Economic Forum at Davos witnessed a landmark moment with the signing of a Memorandum of Understanding (MoU) between the government of Maharashtra and Viraj Profiles. A strategic move for accelerating the socio-economic progress of the state. This agreement, worth INR 12,000 crore,is poised to create employment opportunities and infrastructure development for the people ofMaharashtra.
A Vision for Growth and Collaboration
Under the visionary guidance of Hon’ble Chief Minister Shri Devendra Fadnavis, and Minister of Industries Shri Uday Samant, the Memorandum of Understanding was signed with the goal of establishing an Integrated Stainless Steel Plant in Palghar district. In addition to boosting India’s steel and metals industry, the project would provide 3,500 jobs in the tribal area of Maharashtra.
The discussions in Davos, between the Maharashtra Government and Mr. Neeraj Raja Kochhar, Chairman, Viraj Profiles, strengthened a shared commitment to enriching local communities and speeding up local development. The Chief Minister assured full government support for the project, advocatingrobust government-private sector cooperation.
What This MoU Means for Viraj Profiles
The MoU represents a milestone accomplishment for Viraj Profiles, aligning with the company’s objective of driving industrial advancement and sustainable development. The proposed Palghar plant will increase production capabilities, putting the company in a position to provide a wider range of products and solidify its position as a leading manufacturer of stainless steel products catering to industries in India and across the globe.