Maharashtra Chief Minister Eknath Shinde approved investments worth an estimated 1,17,220 INR-Crore. These investments will be directed toward four major high-tech projects in Marathwada, Vidarbha, Pune, and Panvel. Moreover, these investments will generate around 29,000 jobs and transform Maharashtra into a semiconductor and electric vehicle (EV) manufacturing hub.
The key projects include:
Tower Semiconductor with Adani Group at Panvel, Raigad:
The total estimated investment of this project is 83,947 INR-Crore across two phases. 58,763 INR-Crore in Phase 1 and 25,184 INR-Crore in Phase 2. The project will focus on semiconductor manufacturing. It is expected to create 15,000 jobs, solidifying Maharashtra’s position in the global semiconductor industry.
Skoda Auto Volkswagen India at Chakan, Pune:
An estimated investment of 12,000 INR-Crore will be directed toward electric and hybrid vehicle production. This project will generate over 1,000 jobs.
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Toyota Kirloskar Motor at Chhatrapati Sambhajinagar (Aurangabad):
Additionally, an estimated 21,273 INR-Crore investment in hybrid and electric vehicle production aims to create 12,000 jobs.
Raymond Luxury Cottons at Nandgaon Peth, Amravati:
Under the Textile Industry Policy, Raymond will invest an estimated 188 INR-Crore in this project. It will focus on spinning, yarn dyeing, weaving jute, and cotton manufacturing, leading to 550 jobs.
Furthermore, Chief Minister Eknath Shinde highlighted that these projects will provide a massive boost to semiconductor and EV manufacturing. He also emphasized that they will also create both direct and indirect employment, positioning Maharashtra as a future leader in electric vehicle production.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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