Maharashtra Government Approves ₹1.35 Lakh Crore in Industrial Investments

The Maharashtra Cabinet Sub-Committee on Industries, chaired by Chief Minister Devendra Fadnavis, has approved 17 large, mega, and ultra-mega industrial projects. The total investment value stands at ₹1,35,371.58 crore. These projects fall under thrust sectors and high-tech industries and are expected to generate around 1 lakh direct and indirect jobs across the state.

Focus on Semiconductors, EVs, Defence, and More

The approved projects include units in semiconductors, silicon ingots, solar modules, electric vehicle components, lithium-ion batteries, green steel, aerospace, defence manufacturing, textiles, and gas-to-chemical conversion. The proposals were selected based on their investment size and employment potential.

Sectors Included for Incentives

The number of thrust sectors eligible for incentives has been increased from 22 to 30. Coal gasification and downstream derivatives have also been added to the government’s resolution dated February 22, 2024, making them eligible for support. The projects will receive benefits like capital subsidies, interest rebates, and power tariff concessions.

Land Approved for Projects

Land acquisition and allocation were cleared for Reliance Industries’ projects in Dapchari and Vankas in Palghar district. Similar approvals were granted for other companies across districts such as Pune, Nagpur, Nandurbar, Gadchiroli, Gondia, Satara, and Solapur.

Companies with Approved Proposals

Firms with approved investments include Hyundai Motor India, UNO Minda Auto Innovation, Paras Defence & Space Technologies, Jupiter Renewables, Shrem Biofuel, BSL Solar, Air Liquide, Reliance Infrastructure, and Essar Exploration & Production. Other beneficiaries include Surjagad Ispat, Sufalam Industries, General Polyfilms, Vardhan Agro Processing, and Avtade Spinners.

These high-impact projects are set to supercharge technological innovation, research, and the development of a strong local supply chain, with micro, small, and medium enterprises (MSMEs) expected to be major beneficiaries.

Conclusion

The investment proposals span multiple districts and sectors, with financial and policy support aimed at enabling large-scale manufacturing and employment creation.

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