Advertisement
In this episode of Prop Personalities, we sit down with Hars...
Luxury real estate is one of the most talked-about segments ...
Welcome to Prop Personalities by Prop News Time - a podcast ...
Airports play a much bigger role than just enabling travel -...
Why does the same hotel brand operate multiple properties in...
The Maharashtra government has secured investment commitments exceeding INR 1.75 lakh crore through memorandums of understanding with Shyam Steel and JW Global India, covering steel manufacturing, renewable energy, data centres and emerging technologies. Shyam Steel plans to invest INR 10,000 crore in a steel plant in Chandrapur, while JW Global has proposed investments of around INR 1.65 lakh crore across multiple sectors, including a floating solar project in Solapur. The developments are expected to generate over 11,000 jobs. The state government highlighted ongoing policy reforms and simplified procedures aimed at accelerating project execution and attracting investments across industrial and clean energy segments.
The Maharashtra government has signed memorandums of understanding with Shyam Steel and JW Global India Private Limited, securing proposed investments exceeding INR 1.75 lakh crore across sectors including steel manufacturing, renewable energy, data centres and emerging technologies, as part of its efforts to accelerate industrial growth. Advertisement
The agreements were formalised in the past week during a meeting held at the official residence of Chief Minister Devendra Fadnavis in Mumbai, where the state government reiterated its focus on facilitating investment-led development through policy reforms and streamlined approval processes.
According to details shared by the state, Shyam Steel, headquartered in West Bengal, will invest INR 10,000 crore to set up a steel manufacturing plant in Godpimpri taluka of Chandrapur district. The project is expected to generate more than 8,000 jobs, contributing to industrial activity in the region.
JW Global India Private Limited has proposed a significantly larger investment plan of approximately INR 1.65 lakh crore across multiple sectors. A key component of this proposal includes an INR 14,976 crore floating solar power and energy storage project at the Ujani dam in Solapur district, which is expected to create around 500 permanent jobs.
In addition to renewable energy, JW Global's investment roadmap includes the development of sustainable artificial intelligence campuses, data centres, green hydrogen projects and small modular nuclear reactor initiatives. The broader set of projects is estimated to generate around 3,000 jobs, according to the official statement.
Chief Minister Devendra Fadnavis indicated that the state government has undertaken several policy measures aimed at ensuring that investment proposals are converted into operational projects without delays. He stated that simplified procedures have been introduced to support faster execution and improve ease of doing business for investors.
He added that Maharashtra is actively positioning itself to attract investments in sustainable energy and advanced technologies, particularly in light of recent policy support from the central government for investments in civil nuclear energy, including small modular reactors.
The state government emphasised its commitment to providing support to investors across sectors, noting that the latest agreements reflect confidence in Maharashtra's industrial ecosystem. The projects span both traditional manufacturing and emerging sectors, indicating a diversification of the state's investment pipeline.
The developments also align with a broader trend among Indian states to compete for large-scale investments by offering policy incentives, infrastructure support and streamlined regulatory processes. With the latest proposals, Maharashtra is seeking to strengthen its position as a key industrial and investment destination.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
