The rate of conversion of Memorandums of Understanding (MoUs) into actual investments in was far higher in Maharashtra than the national average, Chief Minister Devendra Fadnavis said on Tuesday.

Fadnavis was addressing a gathering after unveiling a new 5-year industrial policy, effective from April 1 this year, which lays emphasis on high-technology and employment generating businesses and aims to attract investments worth Rs 10 lakh crore.