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Infrastructure and cement production will also receive a boost, further contributing to the state’s development.“>
JSW Group has committed to investing INR 3 lakh crore in Maharashtra across various sectors like steel, renewable energy, electric vehicles, and cement. This investment, announced at the World Economic Forum in Davos, is facilitated by a Memorandum of Understanding (MoU) with the Maharashtra government.
The agreement aims to boost industrial growth, create jobs, and promote sustainable development within the state, with the government providing necessary support for land, resources, and expedited approvals.
The investment will be distributed across several key sectors identified as crucial for Maharashtra’s growth and India’s transition to a greener future. JSW Group plans to expand and enhance steel manufacturing using cleaner technologies. A significant portion of the investment will be dedicated to renewable energy projects.
The company also intends to establish manufacturing facilities for electric vehicles and their lithium-ion batteries, as well as solar wafers and cell modules. Infrastructure and cement production will also receive a boost, further contributing to the state’s development.
State’s vision
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,” he added.
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, clean mobility and renewable energy solutions.”
The partnership is poised to reinforce Maharashtra’s position as a top destination for investment, aligning with the state’s vision of inclusive and sustainable economic development, the company said. “,”next_sibling”:[{“msid”:117453654,”title”:”Hyundai Steel actively considering building US plant”,”entity_type”:”ARTICLE”,”link”:”/news/industry/hyundai-steel-actively-considering-building-us-plant/117453654″,”link_next_mobile”:”/news/industry/hyundai-steel-actively-considering-building-us-plant/117453654?next=1″,”category_name”:null,”category_name_seo”:”industry”}],”related_content”:[],”seoschemas”:false,”social_share”:{“fb”:”/news/industry/jsw-group-invests-inr-3-lakh-crore-in-maharashtra-major-boost-for-steel-renewable-energy-and-evs/117459086?utm_source=facebook&utm_medium={{DEVICE_TYPE}}”,”x”:”/news/industry/jsw-group-invests-inr-3-lakh-crore-in-maharashtra-major-boost-for-steel-renewable-energy-and-evs/117459086?utm_source=twitter&utm_medium={{DEVICE_TYPE}}”,”whatsapp”:”/news/industry/jsw-group-invests-inr-3-lakh-crore-in-maharashtra-major-boost-for-steel-renewable-energy-and-evs/117459086?utm_source=wapp&utm_medium={{DEVICE_TYPE}}”,”linkdin”:”/news/industry/jsw-group-invests-inr-3-lakh-crore-in-maharashtra-major-boost-for-steel-renewable-energy-and-evs/117459086?utm_source=linkedin&utm_medium={{DEVICE_TYPE}}”,”telegram”:”/news/industry/jsw-group-invests-inr-3-lakh-crore-in-maharashtra-major-boost-for-steel-renewable-energy-and-evs/117459086?utm_source=telegram&utm_medium={{DEVICE_TYPE}}”,”copy”:”/news/industry/jsw-group-invests-inr-3-lakh-crore-in-maharashtra-major-boost-for-steel-renewable-energy-and-evs/117459086?utm_source=copy&utm_medium={{DEVICE_TYPE}}”},”cat_msid”:25384693,”cat_sub_msid”:false,”msid”:117459086,”entity_type”:”ARTICLE”,”title”:”JSW Group invests INR 3 lakh crore in Maharashtra: Major boost for steel, renewable energy, and EVs”,”synopsis”:”The agreement aims to boost industrial growth, create jobs, and promote sustainable development within the state, with the government providing necessary support for land, resources, and expedited approvals.”,”titleseo”:”industry/jsw-group-invests-inr-3-lakh-crore-in-maharashtra-major-boost-for-steel-renewable-energy-and-evs”,”status”:”ACTIVE”,”authors”:[{“author_name”:”ETAuto Desk”,”author_link”:”/author/479260282/etauto-desk”,”author_api_link”:”/author/479260282″,”author_image”:””,”author_additional”:{“thumbsize”:false,”msid”:479260282,”author_name”:”ETAuto Desk”,”author_seo_name”:”etauto-desk”,”designation”:”Staff Reporter”,”agency”:false}}],”Alttitle”:{“minfo”:””},”artag”:”ETAuto”,”artdate”:”2025-01-22 18:09:33″,”lastupd”:”2025-01-22 18:09:36″,”breadcrumbTags”:[“sustainable development Maharashtra”,”renewable energy investment”,”Maharashtra steel industry”,”electric vehicles manufacturing”,”Devendra Fadnavis JSW partnership”,”lithium-ion batteries India”,”JSW Group”],”secinfo”:{“seolocation”:”industry/jsw-group-invests-inr-3-lakh-crore-in-maharashtra-major-boost-for-steel-renewable-energy-and-evs”}}” data-authors=”[” etauto data-author-list=”ETAuto Desk” data-category-name=”Industry” data-category_id=”23″ data-cat_msid=”25384693″ data-date=”2025-01-22″ data-index=”article_1″ data-keywords=”sustainable development Maharashtra, renewable energy investment, Maharashtra steel industry, electric vehicles manufacturing, Devendra Fadnavis JSW partnership, lithium-ion batteries India, JSW Group” data-type=”news”>
The agreement aims to boost industrial growth, create jobs, and promote sustainable development within the state, with the government providing necessary support for land, resources, and expedited approvals.
Infrastructure and cement production will also receive a boost, further contributing to the state’s development.“>
JSW Group has committed to investing INR 3 lakh crore in Maharashtra across various sectors like steel, renewable energy, electric vehicles, and cement. This investment, announced at the World Economic Forum in Davos, is facilitated by a Memorandum of Understanding (MoU) with the Maharashtra government.The agreement aims to boost industrial growth, create jobs, and promote sustainable development within the state, with the government providing necessary support for land, resources, and expedited approvals.The investment will be distributed across several key sectors identified as crucial for Maharashtra’s growth and India’s transition to a greener future. JSW Group plans to expand and enhance steel manufacturing using cleaner technologies. A significant portion of the investment will be dedicated to renewable energy projects.The company also intends to establish manufacturing facilities for electric vehicles and their lithium-ion batteries, as well as solar wafers and cell modules. Infrastructure and cement production will also receive a boost, further contributing to the state’s development.
State’s vision
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,” he added.
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, clean mobility and renewable energy solutions.”
The partnership is poised to reinforce Maharashtra’s position as a top destination for investment, aligning with the state’s vision of inclusive and sustainable economic development, the company said.
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