JSW Group to Invest Rs 3 Lakh Crore in Maharashtra
JSW Group, led by Sajjan Jindal, has announced an investment of Rs 3 lakh crore in the state across critical sectors. A Memorandum of Understanding has been signed between the state government and JSW at the World Economic Forum, Davos, Switzerland, aiming at inducing industrial growth and sustainability.
Maharashtra Chief Minister Devendra Fadnavis highlighted that the investment would generate significant employment opportunities in regions like Chhatrapati Sambhajinagar, Gadchiroli, and Nagpur. He emphasized plans to develop Gadchiroli as the "steel city" of India, leveraging JSW Steel’s diverse expertise in steel, solar, auto, and cement sectors.
The investment will focus on clean green technologies for steel production, green energy projects, and expansion of the solar energy ecosystem. The JSW Group also plans to set up state-of-the-art electric vehicles and high-performance electric vehicle batteries facilities. The group recently forayed into the automobile segment through a joint venture, JSW MG Motor India Pvt Ltd, with China's SAIC Motor and expects to start their own electric vehicles in 2027.
JSW Chairman Sajjan Jindal said the strategic move aligns with India's vision for green transition, focusing on clean mobility, renewable energy, and sustainable technologies. The investment will boost industrial development, enhance infrastructural capabilities of Maharashtra, and create thousands of jobs, said the company.
This milestone solidifies JSW's commitment to sustainable growth and establishes Maharashtra as an important hub for advanced manufacturing and green energy.
