India, May 15 -- In a major boost to its industrial and logistics infrastructure, the Maharashtra government on Wednesday signed a memorandum of understanding (MoU) with Horizon Industrial Parks and Xsio Logistics Parks for the development of over ten state-of-the-art, sustainability-compliant industrial and logistics parks across the state.

The move is expected to boost the state's industrial and logistics landscape. It will be one of the largest foreign direct investment (FDI) backed investments in the state's logistics and industrial sector to date, the industries department officials said.

The MoU was signed in presence of chief minister Devendra Fadnavis, deputy CM Eknath Shinde, industries secretary P Anbalagan, Tuhin Parikh, Head...