Maharashtra Approves Rs 1.35 Lakh Crore Investment Proposals In Thrust Sectors, High Technology
The investments span critical sectors including semiconductors, electric vehicles, lithium-ion batteries, green steel, textiles, aerospace, and defense manufacturing.
The Maharashtra government has cleared investment proposals worth Rs 1.35 lakh crore across high-technology and thrust sectors, paving the way for nearly 1 lakh direct and indirect jobs.
At the 12th meeting of the Cabinet Subcommittee on industries, chaired by Chief Minister Devendra Fadnavis, 17 out of 19 mega and ultra-mega project proposals received special incentive approvals.
The investments span critical sectors including semiconductors, electric vehicles, lithium-ion batteries, green steel, textiles, aerospace, and defence manufacturing, Fadnavis posted on social media platform X.
"These projects are based on thrust sectors and high technology, which will accelerate technical innovation, research, and development in the state," Fadnavis said.
To attract large-scale investments, the government has announced a host of incentives for industry players including capital subsidies, electricity rate concessions, interest subsidies, industrial promotion subsidies, stamp duty refunds, and provident fund refunds.
The number of projects qualifying under 'thrust sectors' has also been increased from 22 to 30. Additionally, coal gasification and downstream derivatives has been added to the state's government resolution to qualify for special incentives.
Reliance Industries Ltd. has received land acquisition and allocation approval in Dapchari and Vankas (Palghar district). Hyundai Motor India and Uno Minda Auto Innovation are set to expand in Pune. Paras Defence and Space Technology (Navi Mumbai), Jupiter Renewable, Reliance Infrastructure, BSL Solar, and Shrem Bio Fuel (Nagpur) are also on the list of companies with investment proposals.
Several projects are planned in Gadchiroli by companies such as Surajgad Ispat, Suflam Industries, Suflam Metal, and Kirti Sagar Metalloy.
Other beneficiaries include General Polyfilms (Nandurbar), NPSPL Advanced Materials (Chhatrapati Sambhaji Nagar), Vardhan Agro Processing Ltd. (Satara), and Avtade Spinners Pvt. Ltd. (Solapur).
The state government emphasised that these mega investments will have a cascading effect on micro, small, and medium enterprises, helping build local supply chains and creating new avenues for skill development.
"Collectively, these efforts will strengthen the state's industrial and economic progress," tweeted Fadnavis.
