Maharashtra Clears Rs 1.35 Trillion Plan For 17 Mega Projects
ECONOMY & POLICY

Maharashtra Clears Rs 1.35 Trillion Plan For 17 Mega Projects

A Cabinet sub committee chaired by Chief Minister Devendra Fadnavis has approved seventeen large, mega and ultra mega projects worth Rs 1.35 trillion in Maharashtra’s thrust and high technology sectors. The schemes span semiconductors, silicon wafers, solar modules, electric vehicle components, lithium ion batteries, aerospace and defence equipment, textiles, green steel and gas to chemicals production.

Incentives include capital subsidies, reduced power tariffs, interest support, industrial promotion assistance, land ownership refunds and Employee Provident Fund rebates. The list of sectors eligible for such aid rises from twenty two to thirty.

The projects are expected to create about 100,000 direct and indirect jobs, bolstering research, innovation and local supply chains—particularly for micro, small and medium enterprises. Land has been earmarked for Reliance Industries’ ventures in Palghar, and coal gasification products have been added to the state’s incentive roster.

Deputy Chief Ministers Eknath Shinde and Ajit Pawar, Industries Minister Uday Samant and senior officials attended the meeting. Fadnavis said the approvals would reinforce Maharashtra’s industrial ecosystem and accelerate growth in emerging technologies across the state. 

Image source:https://www.yugmarg.com/

A Cabinet sub committee chaired by Chief Minister Devendra Fadnavis has approved seventeen large, mega and ultra mega projects worth Rs 1.35 trillion in Maharashtra’s thrust and high technology sectors. The schemes span semiconductors, silicon wafers, solar modules, electric vehicle components, lithium ion batteries, aerospace and defence equipment, textiles, green steel and gas to chemicals production.Incentives include capital subsidies, reduced power tariffs, interest support, industrial promotion assistance, land ownership refunds and Employee Provident Fund rebates. The list of sectors eligible for such aid rises from twenty two to thirty.The projects are expected to create about 100,000 direct and indirect jobs, bolstering research, innovation and local supply chains—particularly for micro, small and medium enterprises. Land has been earmarked for Reliance Industries’ ventures in Palghar, and coal gasification products have been added to the state’s incentive roster.Deputy Chief Ministers Eknath Shinde and Ajit Pawar, Industries Minister Uday Samant and senior officials attended the meeting. Fadnavis said the approvals would reinforce Maharashtra’s industrial ecosystem and accelerate growth in emerging technologies across the state. Image source:https://www.yugmarg.com/

Next Story
Infrastructure Urban

ICMM CEO Rohitesh Dhawan Visits Hindustan Zinc

Hindustan Zinc, India’s only and the world’s largest integrated zinc producer, hosted Rohitesh Dhawan, President & CEO of the International Council on Mining and Metals (ICMM), at its flagship Sindesar Khurd Mine (SKM) in Rajasthan. The visit follows Hindustan Zinc’s induction as the first Indian company into ICMM, marking a significant milestone for India’s mining sector on the global sustainability stage.Dhawan, accompanied by run Misra, CEO of Hindustan Zinc, and the senior leadership team, toured Sindesar Khurd Mine – the world’s fourth-largest silver-producing mine – to ..

Next Story
Infrastructure Urban

Amit Gupta Appointed CFO of Vedanta Jharsuguda Unit

Vedanta Aluminium has announced the appointment of Amit Gupta as Deputy Chief Financial Officer of its aluminium business and Chief Financial Officer of its Jharsuguda unit in Odisha.Gupta has been associated with the Vedanta Group since 2018, beginning as Group Head – FP&A at Vedanta Resources. With over two decades of cross-sector experience, he brings strong expertise in financial strategy, project finance, and business transformation.Prior to this role, he served as CFO of Bharat Aluminium Company (BALCO), where he led finance operations for more than four years. He has also held sen..

Next Story
Infrastructure Energy

Adani Power To Build 2,400 MW Plant in Bihar

Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani P..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?