Industry-Friendly Policies Usher in New Industrial Growth Phase: CM Devendra Fadnavis

Mumbai, April 2026 : Chief Minister Devendra Fadnavis said that a series of policy reforms aimed at creating an industry-friendly environment have ushered in a new phase of industrial growth in the state. He highlighted that the government is actively supporting investors to convert proposals into operational industries, making the state an attractive destination for investment.

The Chief Minister was speaking during a meeting held at his official residence, where Memorandums of Understanding (MoUs) were signed between the state’s Industries Department and leading industrial groups, including Shyam Steel Industries and JW Global Industries Group.

Fadnavis said that procedures for setting up industries have been simplified to facilitate ease of doing business. He noted that significant investments are being made in sustainable energy, with JW Global taking the lead in emerging sectors. Following the Centre’s approval for private investment in civil nuclear energy, the state has taken the initiative to invest in Small Modular Nuclear Reactors, signing two MoUs in this domain.

He assured that the government would extend full support to investors willing to set up industries in any part of the state and encouraged more industrial groups to invest.

Highlighting specific projects, Fadnavis said Shyam Steel Industries is investing ₹10,000 crore to establish a steel plant in Chandrapur district, which is expected to generate over 8,000 jobs.

Meanwhile, JW Global India Private Limited is making a massive investment of approximately ₹1.65 lakh crore across multiple sectors in the state. Of this, ₹14,976 crore will be invested in a floating solar power and energy storage project at the Ujani Dam in Solapur district, creating around 500 permanent jobs.

Additionally, the group plans to invest in advanced sectors such as sustainable artificial intelligence campuses, data centres, green hydrogen projects, and Small Modular Nuclear Reactors. These initiatives are expected to generate nearly 3,000 jobs in total.

Senior officials and industry leaders present at the meeting included Principal Secretary (Industries) P. Anbalagan, Joint Secretary Laxmikant Dhokhe, Chief Minister’s Investment Advisor Kaustubh Dhavse, and key representatives from both industrial groups.

The Chief Minister reiterated that such large-scale investments reflect growing confidence in the state’s industrial ecosystem and will significantly contribute to economic growth, employment generation, and technological advancement.