Maharashtra Greenlights Rs 81,000 Crore Industrial Boost to Generate 20,000 Jobs

The Maharashtra cabinet approved seven major industrial projects worth over Rs 81,000 crore, focusing on lithium batteries, electric vehicles, and semiconductors. These projects aim to generate 20,000 jobs. Notable investments include JSW Green Mobility Ltd and JSW Energy PS Eleven Ltd. The decision comes months ahead of the state assembly elections.

Maharashtra's cabinet has given its nod to seven massive industrial initiatives valued at over Rs 81,000 crore. These projects, which span sectors like lithium batteries, electric vehicles, and semiconductors, are set to create around 20,000 jobs.

Leading the pack are JSW Green Mobility Ltd and JSW Energy PS Eleven Ltd, with substantial investments targeting electric and hybrid car manufacturing and lithium battery production. The state will also see its first integrated semiconductor project in Taloja.

The government's move, coming months before assembly elections, counters opposition claims that Maharashtra is losing its industrial edge. The approved projects will be located in Konkan, Marathwada, and Vidarbha regions.

(With inputs from agencies.)