Maharashtra inks 17 MoUs worth ₹33,768.89 crore, to create over 33,000 jobs

Maharashtra CM Devendra Fadnavis announced a new five-year tariff plan that will progressively lower electricity costs for industries.

The Maharashtra government on Friday formalized 17 Memorandums of Understanding (MoUs) with top companies, paving the way for investments totaling ₹33,768.89 crore and the creation of 33,483 employment opportunities across the state.

The agreements cover a wide range of sectors, showcasing the state’s push for industrial diversification. In electronics, firms like Nekt Generation Manufacturing, Vircyso Optoelectronics, and Uno Minda Auto Innovation will collectively invest ₹3,450 crore, opening 2,950 jobs. The electric vehicle industry, including bus and truck manufacturers Eurobus India and Energy In Motion, will contribute ₹5,265 crore in investments and generate 12,450 jobs.

The steel sector is set to receive ₹4,563 crore from P S Steel & Power, Suflam Metals, Suflam Industries, KirtiSagar Metalloid, and ArcelorMittal GCC, which will together create 5,135 jobs. Meanwhile, BSL Solar will channel ₹4,529.89 crore into solar energy, providing employment to 3,582 people.

Defence, biotechnology, and construction are also on the investment map. Godrej & Boyce Manufacturing along with Parason Machinery will bring ₹2,500 crore to the defence sector, creating 3,500 jobs. The Serum Group of Companies will lead biotechnology investments worth ₹5,000 crore, adding 3,000 jobs. Ambuja Cement has committed ₹1,000 crore with 3,000 jobs, while Graphite India plans ₹4,761 crore in investments, generating 1,166 jobs. Additionally, General Polyfilm in the films and materials sector will infuse ₹1,100 crore, creating 200 jobs.

Chief Minister Devendra Fadnavis assured investors that the government would actively support project execution and foster a smooth, hurdle-free environment through initiatives like the Maitri Portal, a single-window system for land allocation, approvals, and clearances.

🤝 MoU 17

Expanding Global Business Services in Maharashtra!

Signed between:
The Government of Maharashtra and ArcelorMittal GCC Pvt. Ltd.

Objective:
Investment of ₹51 Cr at Pune for:
✅ Global Capability Centre (GCC).
✅ 1000 employment opportunities. (Direct & Indirect)… pic.twitter.com/TzgiqJWUly

— CMO Maharashtra (@CMOMaharashtra) August 29, 2025

Speaking on energy reforms, Fadnavis revealed that Maharashtra has adopted a five-year multi-year tariff framework designed to gradually reduce power tariffs. “Earlier, electricity costs increased by nearly 9% every year. Under the new policy, rates will start falling, giving much-needed relief to industries,” he said.