Maharashtra Secures Massive Foreign Investments and Job Opportunities
The Maharashtra government has signed multiple Memorandums of Understanding (MoUs) worth Rs 42,892 crore, attracting significant foreign investments and creating over 28,000 jobs across various sectors.
Foreign InvestmentJob CreationMaharashtraData CentresRenewable EnergyReal Estate MumbaiAug 20, 2025
The state's GDP is projected to reach US $1 trillion by 2030, according to a recent Morgan and Stanley research report. Maharashtra is already the top recipient of Foreign Direct Investment (FDI) in the country, with a share of 39.2% of the total FDI inflow in FY 2025. Last fiscal year, the state received a total of US $19.6 billion in FDI.
On Tuesday, the government signed eight more MoUs worth Rs 42,892 crore, which are expected to create more than 28,000 jobs. The majority of these MoUs were for the establishment of data centres, reflecting the government's commitment to becoming a hub for data infrastructure. The Third Mumbai Atal Setu, currently under development, will serve as the centerpiece for these data centres.
One of the significant agreements is a Rs 12,500 crore investment with Prestige Estate Project Ltd. for a data centre, logistics centre, and investments in the real estate sector, which will generate 8,700 jobs. Another major investment of Rs 10,900 crore has been signed with Jupiter International Ltd for the production of solar panels, creating 8,308 jobs.
Rochak Systems Pvt. Ltd has agreed to invest Rs 2,508 crore for setting up a data centre, generating 1,000 jobs. Rovision Tech Hub Pvt. Ltd will invest Rs 2,564 crore for another data centre, employing 1,100 personnel. Webmint Digital Pvt. Ltd has pledged to invest Rs 4,846 crore for a data centre, creating 2,050 employment opportunities.
In the industrial equipment sector, Atlas Copco has committed to an investment of Rs 575 crore, which will create 3,400 jobs. LNK Green Energy has assured an investment of Rs 4,700 crore in the green energy sector, generating another 2,500 jobs.
The signing ceremony was attended by Chief Secretary Rajesh Kumar, Industries Secretary P Anbalgan, MIDC CEO P Velarasu, Development Commissioner Dipendrasinh Kushwaha, and investors from various sectors of companies. These agreements are a testament to the state's proactive approach in fostering a conducive environment for foreign investments and job creation, aligning with the broader vision of making Maharashtra a global economic powerhouse.
Frequently Asked Questions
What is the projected GDP of Maharashtra by 2030?
The projected GDP of Maharashtra by 2030 is US $1 trillion, according to a recent Morgan and Stanley research report.
How much FDI did Maharashtra receive in the last fiscal year?
Maharashtra received a total of US $19.6 billion in FDI last fiscal year.
What sectors are the MoUs focused on?
The MoUs are focused on sectors such as infrastructure, manufacturing, technology, renewable energy, healthcare, and education.
How many jobs will the new investments create?
The new investments are expected to create more than 28,000 jobs across various sectors.
Who are some of the key investors involved in these agreements?
Some of the key investors involved in these agreements include Prestige Estate Project Ltd., Jupiter International Ltd., Rochak Systems Pvt. Ltd., Rovision Tech Hub Pvt. Ltd., Webmint Digital Pvt. Ltd., Atlas Copco, and LNK Green Energy.
Related News Articles
Indexation Benefits Revoked: Middle-Class Homeowners to Bear the Brunt of New Tax Regime
The recent budget announcement has sparked concern among middle-class homeowners, as the revocation of indexation benefits is set to increase their tax burden, making real estate investment less attractive.
Kalpataru Ltd Aims to Raise Rs 1590 Crore via IPO to Reduce Debt
Kalpataru Ltd, a Mumbai-based real estate firm, has filed draft papers with SEBI to raise up to Rs 1590 crore via IPO.
Pune Sees Surge in Property Registrations, with 13,397 Units Sold in August 2024
Pune's real estate market remains robust, with the city witnessing significant registrations and revenue growth in August. Homes valued Rs 1 crore and above saw increased demand in August 2024.
Equity Investments in Real Estate Sector Poised to Reach Historic USD 10 Billion in 2024: CBRE-CII Report
India's real estate sector is on track to achieve a significant milestone, with equity investments expected to surpass USD 10 billion for the first time in 2024, according to the latest CBRE-CII report.
Compass, Inc. (COMP) Surges 19% on Strong Earnings Guidance: A Market Rally
This remarkable surge followed the real estate brokerage firm's upgraded earnings guidance for the fourth quarter and full year 2024, which significantly exceeded market expectations.
Google India Secures New Office Lease in Mumbai’s BKC at Over INR 4.50 Crore Per Month
Google India has secured a new office lease in Mumbai’s bustling commercial district of Bandra Kurla Complex (BKC) at a monthly rent of over INR 4.50 crore. This strategic move underscores the company’s commitment to maintaining a strong presence in one o