Maharashtra has signed major investment agreements with Shyam Steel Industries and JW Global India Private Limited, reinforcing the state’s push to attract large-scale industrial and infrastructure projects.
Shyam Steel Industries, based in West Bengal, will invest ₹10,000 crore to set up an integrated steel plant in Godpimpri taluka of Chandrapur district. The project is expected to generate more than 8,000 jobs and support the state’s efforts to expand industrial activity beyond established urban centers.
JW Global India has proposed a significantly larger multi-sector investment of approximately ₹1.65 lakh crore. Its plans span renewable energy, AI infrastructure, and nuclear energy. Among the key projects is a ₹14,976 crore floating solar power and energy storage facility at the Ujani Dam in Solapur district, which is expected to create around 500 permanent jobs.
The company also intends to develop sustainable AI campuses, data centers, green hydrogen projects, and small modular nuclear reactors, with total employment generation estimated at about 3,000 jobs.
Chief Minister Devendra Fadnavis oversaw the signing of the memoranda of understanding in Mumbai and said the agreements reflect growing investor confidence in Maharashtra’s business environment. He noted that the state has introduced simplified procedures to enable faster execution of projects and reiterated the government’s commitment to supporting industrial investors.
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