Billionaire Sajjan Jindal-led JSW Group said on Tuesday that it will invest 3 trillion rupees ($34.67 billion) in the Indian state of Maharashtra to expand the conglomerate's presence in electric vehicles,

Billionaire Sajjan Jindal-led JSW Group said on Tuesday that it has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to invest Rs 3 lakh crore across critical sectors. The MoU was signed at the World Economic Forum in Davos,

JSW Group will invest Rs 3 lakh crore across critical sectors in Maharashtra. Sajjan Jindal, Chairman of JSW Group, said, “This investment will not only boost industrial development but also drive India’s green transition with sustainable technologies,

Diversified JSW Group on Tuesday announced plans to invest Rs 3 lakh crore across its businesses, in three regions of Maharashtra, including naxal-infested Gadchiroli.

The Government of Maharashtra will facilitate the investment by expediting clearances, offering fiscal incentives, and ensuring the availability of essential resources such as land, water, and power.

The MoU was one of 20—and the largest—the state government signed on the sidelines of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, with a total investment value of around ₹5,

JSW Group is set to invest Rs 3 lakh crore in Maharashtra, enhancing steel manufacturing with green technology, developing green energy projects, and setting up advanced units for electric vehicles and high-performance EV batteries.