Sajjan Jindal-led JSW Group announced that the company will invest Rs 3 lakh crore across critical sectors in Maharashtra. JSW Group signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to expand its presence in electric vehicles, batteries, steel, and green energy sectors.
In a statement, JSW Group said that the investment will focus on key sectors, including:
• Steel: Expansion and enhancement of steel manufacturing capacities with clean green technology
• Renewable Energy: Pioneering green energy projects for a sustainable future
• Electric Vehicles (EVs): Establishing advanced manufacturing units for new-age electric vehicles
• Lithium-Ion Batteries: Developing facilities for high-performance EV batteries
• Solar Wafer and Cell Modules: Strengthening the solar energy ecosystem
• Infrastructure and Cement: Driving Maharashtra’s infrastructural transformation
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The initiative will also create thousands of jobs, will enhance industrial capabilities, and contribute to sustainable economic growth. As per the MoU, the Government of Maharashtra will facilitate the investment by expediting clearances, providing fiscal incentives, and ensuring the availability of land, water, power, and other infrastructure as per state policies.
Devendra Fadnavis, Chief Minister of Maharashtra, said, “Signing of an MoU with JSW Steel, a company with diverse investments across key sectors such as steel, solar, auto, and cement in Maharashtra, is a significant step in fulfilling our vision to developing Gadchiroli as the ‘steel city’ of India. JSW’s continued commitment to Maharashtra, including their focus on electric vehicles and sustainability, is a clear testament to their confidence in our state’s potential. I am confident that this collaboration will further strengthen Maharashtra’s position as an industrial and economic powerhouse, driving innovation, job creation, and long-term prosperity for our people.”
Sajjan Jindal, Chairman of JSW Group, said, “This MoU reflects our unwavering commitment to Maharashtra, a state that has been pivotal to JSW Group’s journey of growth and innovation. Through this partnership, we take another step towards Hon’ble Prime Minister Narendra Modi Ji’s vision of Clean and Green Bharat. This investment will not only boost industrial development but also drive India’s green transition with sustainable technologies,
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