The Second Capital of the State is poised for significant economic growth as part of a major investment plan approved for Maharashtra. Out of a total ₹81,167 crore investment and 23,136 employment opportunities announced for the state, Nagpur will receive ₹39,432 crore in investments and 13,800 jobs. This decision was made during a Cabinet Sub-Committee meeting on Industries chaired by Chief Minister Eknath Shinde, with Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, and Minister Uday Samant here on Tuesday.
The approved investments in Nagpur are focused on green energy, green mobility, and semiconductor manufacturing sectors. Key projects include:
- AWAADA Electro Ltd: An investment of ₹13,000 crore in Nagpur for the production of Solar PV modules and electrolysers, creating 8,000 employment opportunities. An additional ₹647 crore will be invested in Panvel.
- JSW Energy PSP: A ₹25,000 crore investment in Nagpur for Lithium Iron Battery production, generating 5,000 jobs.
- Pernod Ricard India Pvt Ltd: An investment of ₹1,785 crore in Nagpur for the production and maturation of malt spirit, which will provide 800 jobs.
Additionally, JSW Green Mobility Ltd will invest ₹27,200 crore in Auric, Chhatrapati Sambhajinagar, focusing on Electric Vehicle cars, hybrid vehicles, chargers, and modules, creating 5,200 jobs.
These investments are set to boost Nagpur’s economic development, enhance sustainability, and offer a significant number of job opportunities for the local workforce.