Maharashtra Announces INR 15,600 Crore Investment Boost for Solar Manufacturing

Maharashtra has taken significant strides in advancing its renewable energy and digital infrastructure sectors by signing multiple high-value Memorandums of Understanding (MoUs) with leading companies. In a major highlight, renewable energy investments got backed by INR 15,600 Crore.

₹15,600 Cr Renewable Investment

The state government signed an MoU with Jupiter International, committing an investment of INR 10,900 crore. This project will establish solar wafer manufacturing, solar cell production, and solar module manufacturing units at Butibori in Nagpur district. 

Alongside expanding local manufacturing capabilities, this initiative aims to generate approximately 8,308 employment opportunities, reinforcing Maharashtra’s leadership in the renewable energy sector.

Complementing this, the government signed another significant agreement with LNK Green Energy Private Limited. LNK plans to invest INR 4,700 crore in creating a 6 GW solar cell and module manufacturing plant at Auric, MITL. This project is expected to create around 2,500 direct jobs and enhance the state’s clean energy ecosystem.

Together, these two renewable energy projects represent a combined investment of INR 15,600 crore with the potential to generate over 10,800 direct employment opportunities, furthering Maharashtra’s ambition of becoming a hub for sustainable energy production and domestic manufacturing.

Facilitating Global Partnerships for Broader Growth

To attract international capital and promote trade, the Government of Maharashtra also signed an MoU with Global India Business Corridor Limited (GIBC). This initiative seeks to facilitate investments and partnerships from key global markets, including the United Kingdom, the European Union, and the United States. 

Other than the renewable energy sector, the partnership also targets infrastructure, manufacturing, technology, healthcare, and education sectors, laying out Maharashtra’s comprehensive growth strategy.

Data Centres in the Focus

Parallel to the renewable sector developments, Maharashtra reinforced its digital infrastructure ambitions through multiple landmark agreements. The state signed key deals with Prestige Estates Projects Ltd, which committed a total investment of INR 12,500 crore toward large-scale projects. 

These include a data centre campus at Taloja, a global competency centre spanning 100 acres in Navi Mumbai, and a mega logistics centre in Khalapur. 

Further investments were secured from Webmint Digital Private Limited and Vow Iron and Steel Private Limited, who will jointly invest INR 4,846 crore in a data centre facility within the Additional Taloja Industrial Area. 

Additional commitments from Rovision Tech Hub Private Limited and Rochak Systems Private Limited, valued at INR 2,564 crore and INR 2,508 crore, respectively, will develop data centre campuses at the TTC Industrial Area.

All these agreements were presided over by Devendra Fadnavis, who reiterated Maharashtra’s commitment to sustainable economic development through renewable energy expansion and digital infrastructure enhancement.