The Maharashtra government has signed multiple investment agreements worth over ₹48,000 crore to accelerate industrial development in Vidarbha, with a strong focus on automobiles, electric mobility and steel manufacturing.
The agreements were finalised at Advantage Vidarbha – Khasdar Audyogik Mahotsav 2026 in Nagpur, in the presence of Union Minister Nitin Gadkari and Maharashtra Chief Minister Devendra Fadnavis.
The largest commitment came from Mahindra & Mahindra, which announced an investment of ₹15,000 crore to develop a modern manufacturing facility in Nagpur.
This new plant will build on the company’s existing tractor operations and support the production of electric vehicles, internal combustion engine (ICE) vehicles and tractors for domestic and international markets.
Alongside Mahindra, German electric commercial vehicle maker enMotive committed ₹3,200 crore to introduce giga casting technology in Nagpur, which is expected to support the electric three-wheeler segment. Steel manufacturer Super Smelters also signed an MoU to invest over ₹10,000 crore in the region.
The state leadership outlined plans to position Nagpur as a key logistics and automotive centre, while Gadchiroli is being developed as a steel manufacturing hub.
As per news reports, Nitin Gadkari highlighted the quality of iron ore reserves in the region, stating: “Gadchiroli’s iron ore is of 65 grade, which means that it is proven to be the best in the world.”
Chief Minister Devendra Fadnavis confirmed that around 5,000 acres of land in Nagpur will be acquired to support industrial development.
He also noted that out of the ₹30 trillion of investments committed to Maharashtra at the World Economic Forum 2026 in Davos, approximately ₹3.75 trillion is expected to be channelled into Vidarbha, signalling a major push to transform the region into a manufacturing powerhouse.
Read More: Maharashtra Signs Investment MoUs Worth Over $50 Billion at WEF Davos!
Maharashtra’s MoUs signal a strong manufacturing push in Vidarbha, anchored by automotive, EV and steel investments. New capacity in Nagpur and proposed steel projects in Gadchiroli can lift jobs, logistics and exports. Timely land acquisition, clearances and infrastructure delivery will determine how quickly these commitments translate into production and growth.
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Published on: Feb 9, 2026, 1:45 PM IST
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