MoU Signed Between Evolve Company and State Government for Investment in Maharashtra

Agreements Exchanged in the Presence of Chief Minister Devendra Fadnavis

Mumbai, Feb 2026 :Australia-based Evolve has expressed strong interest in investing in Maharashtra. The company plans to invest nearly ₹300 crore in the Navi Mumbai, Pune, and Nagpur regions. This investment is expected to generate employment for approximately 1,075 people. To this end, the company has signed a Memorandum of Understanding (MoU) with the State Government, according to information provided by the Industries Department.

The exchange of agreements between the Industries Department and the company took place at Vidhan Bhavan in the presence of Chief Minister Devendra Fadnavis.

On this occasion, the company’s Chief Executive Officer shared details about the proposed investment plans. Those present included Industries Department Secretary Dr. P. Anbalagan, the Chief Minister’s Investment Advisor Kaustubh Dhavse, Evolve Company’s Country Head Aditya Sharma, Rustom Kerawalla—Chairman of Empressend Industrial Group, the Indian partner of Evolve—along with Varun Gupta, Industries Department Deputy Secretary Shrikant Pulkundwar, and other officials.