Maharashtra Approves Rs 1.35 Lakh Crore Investment: A Boost for High-Tech Industries
The Maharashtra government, led by Chief Minister Devendra Fadnavis, has approved Rs 1.35 lakh crore in investments for 17 high-tech and thrust sector projects. These projects are expected to generate around 1 lakh employment opportunities and promote technological innovation and research.
MaharashtraInvestmentHightech IndustriesEmploymentIncentivesReal Estate MaharashtraJul 03, 2025
These projects, which will be provided incentives like capital subsidy and power tariff concessions, are expected to generate around 1 lakh indirect and direct employment opportunities throughout the state, as per the Chief Minister's Office (CMO).
A total of 19 large, mega, and ultra-mega projects were considered for special incentives based on their investment scale and employment potential. Of these, 17 projects were approved. The projects in focus are manufacturing in semiconductors, silicon ingots and wafers, solar cells and modules, EV components, lithium-ion batteries, aerospace and defence equipment, textiles, green steel, and greenfield gas-to-chemicals production, the statement said.
Fadnavis stated that these projects would promote technological innovation, research, development, and employment generation, strengthening Maharashtra's industrial ecosystem. The 12th meeting of the Cabinet sub-committee on industries, formed under the CM's leadership to approve incentives under the Package Scheme of Incentives (PSI) and thrust sector policies for large and mega projects, was held in the committee hall at the state legislature.
The prominent incentives that will be made available include capital subsidy, power tariff concessions, interest subsidies, industrial promotion assistance, land ownership refunds, and Employee Provident Fund (EPF). The total number of thrust sectors and high-tech projects eligible for incentives will be increased from 22 to 30, according to the CMO.
Land acquisition and allocation were approved for Reliance Industries Ltd's proposed projects in Palghar district (Dapchari and Vankas). Approval was also granted for the inclusion of 'Coal Gasification and Downstream Derivatives' as eligible products under the February 22, 2024 government resolution, making them eligible for special incentives.
The companies with approved projects include Paras Defence & Space Technologies, Jupiter Renewables Pvt. Ltd., Reliance Infrastructure, BSL Solar Pvt. Ltd, Shrem Biofuel Ltd, and Hyundai Motor India. The massive investment and job creation in sectors like semiconductors, steel, and electric vehicles will stimulate local economies and foster skill development in emerging technologies.
Frequently Asked Questions
What is the total investment approved by the Maharashtra government?
The Maharashtra government has approved Rs 1.35 lakh crore in investments for 17 high-tech and thrust sector projects.
How many employment opportunities are expected to be generated?
These projects are expected to generate around 1 lakh indirect and direct employment opportunities throughout the state.
What are some of the key sectors receiving investment?
The key sectors receiving investment include semiconductors, silicon ingots and wafers, solar cells and modules, EV components, lithium-ion batteries, aerospace and defence equipment, textiles, green steel, and greenfield gas-to-chemicals production.
What kind of incentives will these projects receive?
The projects will receive incentives such as capital subsidy, power tariff concessions, interest subsidies, industrial promotion assistance, land ownership refunds, and Employee Provident Fund (EPF).
Which companies have been approved for these projects?
The companies with approved projects include Paras Defence & Space Technologies, Jupiter Renewables Pvt. Ltd., Reliance Infrastructure, BSL Solar Pvt. Ltd, Shrem Biofuel Ltd, and Hyundai Motor India.
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