In a major move to boost industrial development and job creation in Maharashtra, the Cabinet Sub-Committee on Industries, chaired by Chief Minister Devendra Fadnavis, has approved investment proposals worth 1,35,371 crore rupees in thrust sectors and high-technology-based industries. These projects are expected to generate around one lakh direct and indirect employment opportunities across the state. Mr. Fadnavis said that these projects would promote technological innovation, research, development, and employment generation, strengthening Maharashtra’s industrial ecosystem.

A total of 19 large, mega, and ultra-mega projects were considered for special incentives based on their investment scale and employment potential. Of these, 17 projects were approved. The projects include manufacturing in semiconductors, silicon ingots and wafers, solar cells and modules, EV components, lithium-ion batteries, aerospace and defence equipment, textiles, green steel, and greenfield gas-to-chemicals production.