Maharashtra Greenlights INR 81000 Crore Projects

Maharashtra’s cabinet sub-committee on industry has given the green light to seven ambitious projects totalling INR 81,137 crore, poised to drive substantial economic growth across the state.

These projects, strategically located in Vidarbha, Marathwada, and Konkan, are set to generate approximately 20,000 new jobs and include key investments in semiconductor manufacturing, electric vehicles, lithium batteries, and green energy. A standout initiative is JSW Green Mobility Ltd’s INR 27,200 crore investment in Sambhajinagar, earmarked for the production of electric and hybrid vehicles. This project is expected to create 5,200 jobs and has an ambitious target of manufacturing 500,000 electric passenger vehicles and 100,000 commercial vehicles annually.

Another significant development is JSW Energy’s INR 25,000 crore lithium iron battery plant in Nagpur. This venture aims to provide 5,000 new jobs and bolster the state’s capabilities in lithium battery production, crucial for the electric vehicle sector. The sub-committee also approved Hindustan Coca-Cola Beverage’s INR 1,500 crore fruit pulp and juice extraction project in Ratnagiri, which will enhance the state’s agro-processing sector. The approval extends to Maharashtra’s first semiconductor manufacturing facility by RRP Electronics in Taloja, which will initially invest INR 12,000 crore. This project is poised to position Maharashtra as a key player in the semiconductor industry, addressing a critical component of the global technology supply chain.

Furthermore, AWAADA Electro Ltd’s projects, amounting to INR 13,647 crore, have been sanctioned for implementation in Nagpur and Panvel, focusing on advanced energy solutions. These approvals reflect Maharashtra’s strategic push to enhance its industrial infrastructure and attract high-value investments, positioning the state as a significant hub for technological innovation and sustainable development. The projects will not only create substantial employment opportunities but also strengthen the state’s industrial base in critical sectors, fostering long-term economic growth.