Maharashtra Government signs 17 MoUs worth over ₹33,000 crore; leading to 33,483 new jobs
Maharashtra has signed 17 Memorandums of Understanding (MoUs) with leading companies, unlocking ₹33,768.89 crore in proposed investments and an estimated 33,483 new jobs across the state. The agreements were signed on Friday, August 29, 2025.
The projects span key sectors such as electronics, electric mobility, steel, solar, defence, biotechnology, cement, graphite, and films/materials. Investments are planned across North Maharashtra, Pune, Vidarbha and Konkan, pointing to a wider spread of industrial growth beyond the usual hubs.
Electronics will see fresh investment of ₹3,450 crore from Nekt Generation Manufacturing, Vircyso Optoelectronics and Uno Minda Auto Innovation, with 2,950 jobs expected. Electric vehicles (buses and trucks) will get ₹5,265 crore from Eurobus India and Energy In Motion, potentially creating 12,450 jobs. In steel, P S Steel & Power, Suflam Metals, Suflam Industries, KirtiSagar Metalloid and ArcelorMittal GCC plan to invest ₹4,563 crore for 5,135 jobs. Solar player BSL Solar aims to invest ₹4,529.89 crore and hire 3,582 people.
Other commitments include ₹2,500 crore in defence from Godrej & Boyce Manufacturing and Parason Machinery (3,500 jobs), ₹5,000 crore in biotechnology led by the Serum Group of Companies (3,000 jobs), ₹1,000 crore by Ambuja Cement (3,000 jobs), ₹4,761 crore by Graphite India (1,166 jobs), and ₹1,100 crore by General Polyfilm in films and materials (200 jobs).
Chief Minister Devendra Fadnavis said the MoUs mark the start of the process and that the state will act as a partner to ensure smooth execution without hurdles. He highlighted the single-window Maitri Portal for faster land allocation, approvals and clearances.
On power tariffs, Fadnavis said Maharashtra has approved a five-year multi-year tariff plan aimed at gradually reducing electricity rates. He noted that while tariffs earlier rose about 9% annually, the trajectory will now be downward, which he called a relief for industry.
Senior officials present included Chief Secretary Rajesh Kumar, Industries Secretary Dr P. Anbalagan, MIDC CEO P. Velarasu, and Development Commissioner Devendra Singh Kushwaha, along with representatives from the participating companies.
