Mumbai: In a move aimed at boosting industrial growth and employment, the Maharashtra government has approved investment proposals worth Rs 1.35 lakh crore across key sectors including semiconductors, electric vehicles, and green energy.
The decision was taken at the 12th meeting of the state’s Cabinet sub-committee on industries, chaired by Deputy Chief Minister Devendra Fadnavis in Mumbai on Wednesday. The committee cleared 17 large-scale industrial projects that are expected to generate around one lakh direct and indirect jobs in the state.
The approved projects cover a wide range of industries, including manufacturing of semiconductors, solar components, lithium-ion batteries, aerospace equipment, green steel, and electric vehicle (EV) parts. Land approvals were also granted for new projects, such as Reliance Industries’ proposed facilities in Palghar district.
According to the Chief Minister’s Office (CMO), the projects will receive government incentives such as capital subsidies, power tariff concessions, interest subsidies, and other forms of industrial support under the state’s Package Scheme of Incentives (PSI). The number of high-tech sectors eligible for such benefits will be expanded from 22 to 30.
Key companies whose projects were cleared include:
Paras Defence & Space Technologies (Navi Mumbai)
Hyundai Motor India (Pune)
UNO Minda Auto Innovation Pvt Ltd
Reliance Infrastructure
Essar Exploration & Production Ltd (Raigad)
Balasore Alloys Ltd
Jupiter Renewables Pvt Ltd (Nagpur)
BSL Solar Pvt Ltd
Additionally, projects in biofuels, green hydrogen, coal gasification, and advanced materials were also approved.
The state government expects the approved projects to create approximately one lakh employment opportunities across Maharashtra. Officials emphasized that beyond direct employment, these projects will also create demand for micro, small, and medium enterprises (MSMEs), strengthening the local supply chain and industrial ecosystem.
The inclusion of new sectors such as “Coal Gasification and Downstream Derivatives” under the state’s incentive framework is also expected to broaden the industrial base.
