JSW Group to Invest ₹3 Lakh-Cr in Maharashtra Across Steel, Renewable Energy, and Cement Sectors
The JSW Group has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to invest Rs. 3 lakh crore across critical sectors, including Steel, Renewable Energy, Electric Vehicles, Lithium and Lithium-Ion Batteries, Solar Wafer and Cell Modules, Infrastructure, and Cement. The MoU was signed at the World Economic Forum (WEF) in Davos.
“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 in line with state policies. This is a significant step toward realizing our vision of developing Gadchiroli as the ‘Steel City’ of India,” said Devendra Fadnavis, Chief Minister of Maharashtra.
Sajjan Jindal, Chairman of JSW Group, said, “This investment will not only boost industrial development but also accelerate India’s green transition through sustainable technologies, clean mobility, and renewable energy solutions. We are deeply grateful to the Government of Maharashtra for their visionary approach and industry-friendly policies, which make transformative initiatives like this possible.”
The partnership is set to reinforce Maharashtra’s position as a top investment destination, aligning with the state’s vision of inclusive and sustainable economic development.
