Maharashtra gives green light to industrial push: Approves Rs 1.35 lakh crore projects

By Admin

04 Jul, 2025

In a bold move to boost industrial development and create employment opportunities, the Maharashtra government has approved 17 major projects totaling a massive ₹1.35 lakh crore in investment. The approval was granted by a Cabinet sub-committee chaired by Deputy Chief Minister Devendra Fadnavis, signaling a significant step toward making Maharashtra a hub of next-generation industrial innovation.

High-Level Decision Making for Industrial Acceleration

The crucial meeting saw the presence of top state leadership, including Deputy Chief Ministers Eknath Shinde and Ajit Pawar, Industries Minister Uday Samant, Chief Secretary Rajesh Kumar, and Additional Chief Secretaries OP Gupta (Finance) and Rajgopal Deora (Planning), along with other key officials. Their collective decision to greenlight these projects highlights the state’s strong commitment to economic transformation.

Focus on High-Tech and Future-Ready Sectors

The 17 approved projects span some of the most transformative sectors of the future semiconductors, EV components, solar modules, lithium-ion batteries, green steel, and gas-to-chemicals production. These sectors not only promise robust economic growth but also ensure environmental sustainability and energy efficiency. The government estimates these projects will generate nearly 1 lakh direct and indirect employment opportunities across Maharashtra.

Selective Incentives to Catalyze Growth

From a total of 19 large, mega, and ultra-mega projects considered, 17 were approved based on their substantial investment volume and employment generation potential. These projects are poised to become growth engines that promote innovation, research, and technology.

To attract such high-impact ventures, the Maharashtra government has offered a range of special incentives. These include capital subsidies, power tariff concessions, industrial promotion assistance, EPF contribution rebates, and land ownership refunds. Furthermore, the scope of sectors eligible for these benefits has now been expanded from 22 to 30, opening the doors for even more industries to benefit.

Big Industry Names and Strategic Land Allocation

The list of approved projects includes some of the biggest names in Indian and global industry: Reliance Industries, Hyundai Motor India, UNO Minda Auto Innovation, Paras Defence & Space Technologies, Air Liquide, and Jupiter Renewables. Notably, land allocation for Reliance’s new projects in the Palghar district has also been approved, paving the way for their future growth in the region.

Support for New Industrial Avenues

In a progressive move, the Maharashtra government has now included “Coal Gasification and Downstream Derivatives” under the list of eligible products in the February 22, 2024 government resolution. This inclusion ensures that companies operating in these segments can avail themselves of the state’s special incentive packages, further diversifying Maharashtra’s industrial base.

Conclusion

With this strategic push and visionary leadership, Maharashtra is setting the tone for rapid, inclusive, and sustainable industrial development. By fostering innovation, creating employment, and supporting emerging technologies, the state continues to reinforce its position as India’s foremost industrial powerhouse.