Maharashtra has entered a new phase of industrial growth driven by investor-friendly policies and simplified procedures, Chief Minister Devendra Fadnavis said. He noted that significant investments by Shyam Steel and the JW Global Group are clear examples of this emerging trend.
At a meeting held at the Chief Minister’s official residence, Varsha, both industry groups signed Memorandums of Understanding (MoUs) with the state’s Industries Department. Fadnavis assured full support from the government and urged more investors to choose Maharashtra as their preferred destination.
West Bengal-based Shyam Steel Group is setting up a steel plant in Godpimpiri, Chandrapur district, with an investment of around ₹10,000 crore. The project is expected to generate over 8,000 jobs.
The Chief Minister stated that streamlined processes have made it easier for investors to set up industries in the state. He highlighted that major investments are also coming into the sustainable energy sector through the JW Global Group. Following the Centre’s approval for private investment in civil nuclear energy, Maharashtra has taken the lead in investing in Small Modular Nuclear Reactors, with two key agreements already signed.
Meanwhile, JW Global India Private Limited has proposed an investment of approximately ₹1.65 lakh crore in the state. In Solapur district, a floating solar power and energy storage project at the Ujani Dam will see an investment of about ₹14,976 crore, creating around 500 permanent jobs.
Additionally, the group plans to invest in sectors such as artificial intelligence campuses, data centres, green hydrogen projects, and small modular nuclear reactors. These initiatives are expected to generate nearly 3,000 jobs in total.
Senior officials from the Industries Department and representatives of both industry groups were present at the meeting. The government reiterated its commitment to accelerating industrial development and boosting employment opportunities across the state.
