Vietnam-based Vingroup Joint Stock Company has signed an MoU to make an estimated investment of 70,000 INR-Crore in Maharashtra on Wednesday, April 8. The agreement was signed with the state industries department and Mumbai Metropolitan Region Development Authority. The Maharashtra Vietnam investment will be implemented across the Mumbai Metropolitan Region and other locations.
The investment will span around 5,000 Acres and cover multiple infrastructure segments. These include smart residential townships, renewable energy, tourism, electric mobility and social infrastructure. A key component is a 2,700 Acres integrated township planned for large-scale residential development. The proposal also includes electric mobility systems, EV charging networks, and a 500 MW solar power project. Additionally, tourism infrastructure development will include theme parks and safari projects.
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The Maharashtra Vietnam investment will generate about 24,700 jobs. It will also support urban infrastructure expansion and strengthen sustainable development initiatives in the state.
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