
Rs 1 cr investment can create only one job: Maharashtra Industries Minister
Friday, March 13, 2020, 3:50 PM
An average Rs.1-crore investment can create only one job in the industrial sector, Maharashtra Industries Minister Subhash Desai told the Legislative Council on Friday. With this finding, Desai sought to debunk the general understanding that higher investments can create more jobs in the industrial sector. The amount of investment shrinks further to Rs.25,000 in micro-scale industries for the creation of one job, Desai added.
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