Maharashtra Secures Massive Investments: MoUs Worth ₹42,893 Cr to Create Over 28,000 Jobs
The Maharashtra government has made significant strides in attracting investments, signing memoranda of understanding (MoUs) worth ₹42,893 crore with various companies for data centre and solar energy projects in the state. These projects are expected to generate 28,558 jobs, boosting the state's economic growth and employment opportunities.
Speaking on the occasion, Chief Minister Devendra Fadnavis highlighted that Maharashtra is emerging as the data centre capital and solar energy integration capital of India. He emphasized the trust of investors and the leadership of Prime Minister Narendra Modi, assuring full support from the state government to ensure smooth implementation of the projects.
The MoUs, worth ₹42,893 crore, cover a wide range of sectors, including data centres, solar energy, steel, and green energy. Fadnavis also announced renewed momentum for the state’s ambitious hyperloop project, which is now progressing with the involvement of IIT Bombay and IIT Madras. “This project will bring a transformative change in the fields of logistics, transportation, and mobility not only in Maharashtra, but across India,” he said.
The MoUs were signed with several companies, including Jupiter International Ltd, which will invest ₹10,900 crore in solar panel manufacturing, creating 8,308 jobs. Rochak Systems Pvt Ltd will set up a data centre with an investment of ₹2,508 crore, generating 1,000 jobs. Rovison Tech Hub Pvt Ltd will invest ₹2,564 crore in a data centre project, creating 1,100 jobs.
Additionally, Wow Iron & Steel Pvt Ltd will invest ₹4,300 crore in the steel industry, creating 1,500 jobs. Webmint Digital Pvt Ltd will invest ₹4,846 crore in a data centre, generating 2,050 jobs. Atlas Copco will invest ₹575 crore in the industrial equipment sector, creating 3,400 jobs. LNK Green Energy will invest ₹4,700 crore in green energy, creating 2,500 jobs.
Prestige Estate Projects Ltd has committed to investing ₹12,500 crore in data centres, logistics, and real estate, creating 8,700 jobs. A strategic agreement was also signed with the Global India Business Corridor to attract investments from the UK and Europe. An MoU was signed with TUTRR Hyperloop Pvt Ltd to develop an advanced transport system at JNPT and Vadhavan Ports.
These investments signify the state’s commitment to fostering a business-friendly environment and driving economic growth. The projects are expected to not only create employment opportunities but also enhance the state’s infrastructure and technological capabilities.
