JSW Group Inks with Maharashtra Government for Rs 3 trillion Investment

05 Feb 2025 CW Team

The JSW Group signed a MoU with the Maharashtra Government at the World Economic Forum (WEF) in Davos. The company will be investing Rs 3 trillion across key sectors, including steel, renewable energy, electric vehicles, lithium-ion batteries, solar wafer and cell modules, infrastructure and cement.

This strategic initiative aims to create thousands of jobs, enhance industrial capabilities, and contribute to sustainable economic growth. As per the MoU, the Government of Maharashtra will facilitate the investment by expediting clearances, providing fiscal incentives, and ensuring the availability of land, water, power, and other infrastructure as per state policies.

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. We are deeply grateful to the Government of Maharashtra, led by Honorable Chief Minister Shri Devendra Fadnavis, for their visionary approach and industry-friendly policies, which make transformative initiatives like these possible.”

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.

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