The Maharashtra government has signed two Memorandums of Understanding (MoUs) valued at Rs 1.75 lakh crore with JW Global Group and Shyam Steel. These agreements span sectors like solar, artificial intelligence, green hydrogen, nuclear, and steel manufacturing. JW Global and The Seed Consortium will invest Rs 1,65,000 crore, focusing on clean energy and advanced technology, with the aim to position Maharashtra as a global hub for sustainable development.
The investment package includes a significant amount of Rs 1,13,907 crore dedicated to building a sustainable artificial intelligence campus and Data Centre. This initiative is expected to play a crucial role in India’s artificial intelligence economy, potentially creating thousands of jobs in construction and permanent positions.
Additionally, the consortium plans to establish a 2 GW floating solar photovoltaic plant on the Ujani dam in Solapur district, along with a 1,000 MW battery energy storage system. They also aim to develop a facility using Haffner SYNOCA technology to produce green hydrogen annually, supporting the state’s shift towards cleaner fuel. These projects are projected to generate numerous jobs across various sectors.
Shyam Steel, on the other hand, will invest Rs 10,000 crore to set up an integrated steel plant with a capacity of 2 million tonnes per annum in Chandrapur district. This project is expected to create indirect employment opportunities for over 4,000 individuals and includes the establishment of a 260 MW captive power plant. Chief Minister Devendra Fadnavis highlighted the state’s industrial progress, driven by policy reforms aimed at translating investment interest into operational reality. He emphasized the government’s support for investors and its efforts to streamline business setup processes.
