Maharashtra Clears Rs 1.35 Lakh Crore Investment Proposals Across Semiconductors, EVs And Defence Sectors

In a major economic boost for Maharashtra, industrial investment proposals worth Rs 1,35,371.58 crore were approved during a Cabinet sub-committee meeting chaired by state Chief Minister Devendra Fadnavis, reported Times of India.

The 12th meeting of the cabinet sub-committee, formed under the CM's leadership to approve incentives under the package scheme of incentives (PSI) and thrust sector policies for large and mega projects, was held on Friday (4 July) in the committee hall at the state legislature.

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 approved projects target key and high-tech sectors such as semiconductors, solar modules, EV components, lithium-ion batteries, aerospace, defence, green steel, textiles, and greenfield gas-to-chemicals.

These projects are expected to generate approximately one lakh direct and indirect employment opportunities.

Fadnavis stated that the approved investments would promote technological innovation, research, and industrial growth, strengthening Maharashtra’s manufacturing ecosystem.

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