India's JSW expands investment in steel and electric vehicle industries
Time:Fri, 07 Feb 2025 09:07:01 +0800
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India's JSW Group announced that it would invest Rs 3 trillion in Maharashtra, India to build electric vehicle and lithium battery production facilities, expand steel manufacturing, and promote renewable energy projects such as solar modules.
Maharashtra is an important industrial center in western India and the location of Mumbai, the financial capital. To attract this major investment, the Maharashtra government has promised to provide financial incentives and accelerate the approval of various procedures to ensure that JSW's investment plans can proceed smoothly.
It was understood that JSW's investment plan would create 10,000 jobs locally and bring huge impetus to local industrial development.
JSW Group's industrial expansion plan will not only help enhance the company's market position in the steel industry but also become an important driving force for India's manufacturing and green energy industries.
