<p>The JSW Group on Tuesday announced plans to invest Rs 3 lakh crore across its businesses, in three regions of Maharashtra, including naxal-infested <a href="https://www.mid-day.com/mumbai/mumbai-news/article/police-in-gadchiroli-seize-illegal-liquor-and-vehicle-worth-rs-34-lakh-in-major-bust-23469133" target="_blank" rel="none noopener"><strong>Gadchiroli</strong></a>, reported the PTI.</p>
<p>The conglomerate signed a memorandum of understanding (MoU) with the Maharashtra government on the sidelines of the World Economic Forum (WEF) at Davos.</p>
<p>The commitment from JSW is a significant step in fulfilling the state's vision to develop Gadchiroli as the 'steel city' of India, Chief Minister Devendra Fadnavis said, adding that the announcement is a clear testament to their confidence in the state's potential, reported the PTI.</p>
<p>"I am confident that this collaboration will further strengthen Maharashtra's position as an industrial and economic powerhouse, driving innovation, job creation, and long-term prosperity for our people," the chief minister added.</p>
<p>JSW Group Chairman Sajjan Jindal said the state has been pivotal to JSW Group's journey of growth and innovation.</p>
<p>"This investment will not only boost industrial development but also drive India's green transition with sustainable technologies, clean mobility and renewable energy solutions," he added, as per the PTI.</p>
<p>In a post on social media platform X, Maharashtra Chief Minister Office (CMO) said the areas of this investment like Renewable Energy, Infrastructure, Cement, Lithium-Ion Batteries, and Solar Modules will play a huge role in our mission 'Green Maharashtra'.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">HUGE MILESTONE !<br />Maharashtra&rsquo;s Mission @ <a href="https://twitter.com/hashtag/WEF25?src=hash&amp;ref_src=twsrc-Etfw">#WEF25</a> Davos!<br /><br />?MoU 6<br /><br />Signed between<br />Govt of Maharashtra &amp; ⁠JSW Group.<br /><br />Total investment: ₹3,00,000 crore<br />Employment : 10,000<br />Location : Gadchiroli<br /><br />Sector: Steel, Renewable Energy, Infrastructure and Cement, Lithium-Ion Batteries,&hellip; <a href="https://t.co/r0mwZHCkZ3">pic.twitter.com/r0mwZHCkZ3</a></p>
&mdash; CMO Maharashtra (@CMOMaharashtra) <a href="https://twitter.com/CMOMaharashtra/status/1881699241409814610?ref_src=twsrc-Etfw">January 21, 2025</a></blockquote>
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<p>"Extremely happy to witness the historic Rs 3,00,000 crore MoU signing between Govt of Maharashtra &amp; JSW Group, with an employment generation of 10,000 in the regions of Chhatrapati Sambhajinagar, Gadchiroli, and Nagpur! Very much thankful to Sajjan Jindal ji for being a part of this historic moment at Davos, which will give a huge boost to Maharashtra's industrial environment," the post by <a href="https://www.mid-day.com/mumbai/mumbai-news/article/big-boost-for-maharashtra-says-cm-devendra-fadnavis-as-4-99-lakh-crore-investment-mous-signed-on-first-day-at-davos-23469302" target="_blank" rel="none noopener"><strong>Maharashtra CMO</strong></a> said.</p>
<p>The investments will include expansion and enhancement of steel manufacturing capacities with clean green technology, green energy projects, establishing advanced manufacturing units for new-age electric vehicles, facilities for high-performance EV batteries and strengthening the solar energy ecosystem, according to a statement.</p>
<p>The state government will facilitate the investment by expediting clearances, providing fiscal incentives, and ensuring the availability of land, water, power, and other infrastructure as per state policies, it said.</p>
<p>(with PTI inputs)</p><p>
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The JSW Group on Tuesday signed MoU with Maharashtra at Davos to invest Rs 3 lakh crore in Gadchiroli and two other regions, an official statement said

JSW Group signs MoU with Maharashtra at Davos to invest Rs 3 lakh crore in Gadchiroli, 2 other regions

Man shot dead in moving train in Bihar's Lakhisarai

The conglomerate signed a memorandum of understanding (MoU) with the Maharashtra government on the sidelines of the World Economic Forum (WEF)

JSW Group signs MoU with Maharashtra to invest Rs 3 lakh crore in Gadchiroli, 2 other regions

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