Maharashtra CM Devendra Fadnavis Inks MoU With JSW Group As Statfe Bags Investment Worth ₹6.25 Lakh Crore At World Economic Forum

Mahareshtra Chief Minister Devendra Fadnavis and other high-ranking government officials, the Maharashtra government signed 18 memorandums of understanding with investment proposals totaling Rs 4,99,321 crore on Tuesday in the areas of steel, metals, renewable energy, infrastructure, cement, lithium-ion batteries, and solar modules.

The signing took place on the fringes of the World Economic Forum summit in Davos. For the Green Transformation of Maharashtra, JSW will invest a record Rs 3 lakh crore of the Rs 4,99,321 crore.

The Memorandum of Understanding signed today opens the door for Maharashtra's all-encompassing development and progress, Fadnavis stated.

Today's 18 MoUs (Memorandums of Understanding) pushed the total tally of MoUs signed by Maharashtra to 31 MoUs amounting to a Rs 6.25 Lakh Crore

In his post on X, Fadnavis stated: 'I am extremely pleased to see the historic signing of a Memorandum of Understanding between the Maharashtra government and JSW Group, which will create 10,000 jobs in the areas of Chhatrapati Sambhajinagar, Gadchiroli, and Nagpur.'

The industrial environment in Maharashtra will greatly benefit from Sajjan Jindal ji's participation in this momentous occasion at Davos. The industrial environment in Maharashtra will benefit greatly from it.

Memorandums of Understanding with Reliance, Essar and Bharat Forge

The project is expected to create 3,200 jobs. When the Memorandum of Understanding was signed, Satish Kaushik represented the company. An MOU for Rs 16,500 crore in defense sector investment was signed by the state government and Reliance Infrastructure Ltd. There will be 2,450 jobs created.

Essar will invest Rs 8,000 crore in green energy in collaboration with Blue Energy in order to generate 2,000 jobs. EV, steel, and defense will all receive Rs 5,250 crore from the Kalyani Group. 4,000 new jobs will result from it. In the presence of Fadnavis and Amit Kalyani, vice-chairman and joint MD of Bharat Forge Limited, the Memorandum of Understanding was signed.