JSW Group partners with Maharashtra to invest ₹3 lakh crore in steel, EVs, and renewable energy.
The JSW Group has entered into a significant Memorandum of Understanding (MoU) with the Maharashtra government, pledging an investment of ₹3 lakh crore to boost key sectors like steel manufacturing, renewable energy, and electric vehicles. This collaboration aims to accelerate industrial growth, create employment opportunities, and foster sustainable development in the state.
The investment will focus on enhancing steel production, advancing renewable energy technologies, and supporting electric vehicle manufacturing and its components. The Maharashtra government will facilitate the initiative by fast-tracking approvals, offering incentives, and ensuring essential resources such as land, water, and power are readily available.
Maharashtra Chief Minister Devendra Fadnavis described the partnership as a milestone for the state, emphasising its role in transforming Gadchiroli into the “steel city” of India. “JSW Steel’s diverse investments in sectors like steel, solar, auto, and cement will fulfill our vision of making Maharashtra an industrial powerhouse,” he added.
Sajjan Jindal, Chairman of JSW Group, highlighted the alignment of this investment with Prime Minister Narendra Modi’s vision of a Clean and Green Bharat. “This partnership marks a step forward in driving India’s green transition with sustainable technologies, clean mobility, and renewable energy solutions while boosting industrial development,” he said.
The agreement underscores a shared commitment to innovation and sustainability, setting a roadmap for economic growth while addressing environmental challenges. This landmark investment positions Maharashtra as a hub for green and industrial development, reinforcing India’s goal of global leadership in sustainable industries.
