Maharashtra has cleared 17 industrial projects totaling ₹1.35 lakh crore in investment, spanning high-tech sectors such as electric vehicles, semiconductors, and green energy. The initiatives are projected to create around 1 lakh employment opportunities across the state.
In a major stride towards strengthening industrial infrastructure and generating large-scale employment, the Maharashtra government has approved 17 high-impact projects worth a cumulative investment of ₹1.35 lakh crore. According to a report by CNBC-TV18, the decision was taken by the Cabinet Sub-Committee on Industries, chaired by Deputy Chief Minister Devendra Fadnavis, reflecting the state’s proactive push to attract mega industrial investments and spur economic development.
The high-level meeting, attended by Deputy Chief Ministers Eknath Shinde and Ajit Pawar, Industries Minister Uday Samant, Chief Secretary Rajesh Kumar, and senior officials from the Finance and Planning departments, reviewed 19 large, mega, and ultra-mega investment proposals. Of these, 17 were greenlit based on their investment scale and employment generation potential.
The approved projects span cutting-edge sectors such as semiconductors, electric vehicle (EV) components, solar modules, lithium-ion batteries, green steel, and gas-to-chemical production. These are expected to generate nearly 1 lakh direct and indirect jobs across Maharashtra, a significant boost for both urban and rural employment ecosystems.
Chief Minister Devendra Fadnavis emphasized that the approval of these projects would not only drive technological innovation and research but also cement Maharashtra’s leadership in India’s next-generation industrial transformation. “This move will further enhance the state’s industrial competitiveness and contribute significantly to job creation,” he noted.
Incentives approved under the scheme include capital subsidies, concessions on power tariffs, industrial promotion assistance, EPF (Employees’ Provident Fund) contribution rebates, and land ownership refunds. These benefits are designed to de-risk investments and make Maharashtra a more attractive destination for both domestic and global investors. Importantly, the scope of sectors eligible for these special incentives has now been expanded from 22 to 30, indicating a strategic broadening of the state’s industrial focus.
Prominent industry players such as Reliance Industries, Hyundai Motor India, UNO Minda Auto Innovation, Paras Defence & Space Technologies, Air Liquide, and Jupiter Renewables are among those whose projects have been approved. These companies are set to play a pivotal role in driving industrial output and job creation across different regions of Maharashtra.
One of the notable decisions includes the allocation of land in Palghar district for new ventures by Reliance Industries, signaling the state’s intent to support large conglomerates with swift land facilitation and clearances. Additionally, the government has approved the inclusion of “Coal Gasification and Downstream Derivatives” as eligible sectors under its industrial policy, opening the door for companies in these emerging areas to access special benefits under the February 22, 2024 government resolution.
With this ambitious investment push, Maharashtra aims to reinforce its position as India’s top industrial hub, aligning with national goals for green energy, advanced manufacturing, and sustainable economic development. As these projects take shape, they are expected to not only energize Maharashtra’s economy but also set a benchmark for other states looking to attract future-ready industries.
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