Maharashtra Signs 17 MoUs Worth Rs 33,769 Crore; 33,483 Jobs To Be Created

The Maharashtra government on Friday (29 August) signed 17 MoUs with leading companies, which are expected to generate investments worth Rs 33,768.89 crore and create 33,483 jobs across the state, reported The Indian Express.

The agreements span multiple sectors, highlighting the state’s push for industrial diversification.

In the electronics sector, Nekt Generation Manufacturing, Vircyso Optoelectronics, and Uno Minda Auto Innovation pledged Rs 3,450 crore, creating 2,950 jobs.

The electric vehicle industry, with Eurobus India and Energy In Motion, committed Rs 5,265 crore to manufacture buses and trucks, generating 12,450 jobs.

The steel industry attracted Rs 4,563 crore from P S Steel & Power, Suflam Metals, Suflam Industries, KirtiSagar Metalloid, and ArcelorMittal GCC, resulting in 5,135 jobs. In solar energy, BSL Solar announced Rs 4,529.89 crore in investments, promising 3,582 jobs.

Defence manufacturers Godrej & Boyce and Parason Machinery pledged Rs 2,500 crore, creating 3,500 jobs.

The Serum Group of Companies led the biotechnology sector with Rs 5,000 crore in investments and 3,000 jobs.

Ambuja Cement committed Rs 1,000 crore, generating 3,000 jobs, while Graphite India will bring in Rs 4,761 crore with 1,166 jobs.

General Polyfilm, representing films and materials, pledged Rs 1,100 crore, creating 200 jobs.

Chief Minister Devendra Fadnavis said, “Signing these MoUs is only the beginning. The government will act as a partner at every stage to ensure smooth implementation and a seamless, investor-friendly environment without any hurdles.”

He added that Maharashtra has approved a five-year multi-year tariff plan to gradually reduce electricity rates.

“Previously, electricity rates rose by an average of 9 per cent annually, but now they will decrease, offering significant relief to industries,” he said.

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