Approval for Additional Special Incentives for 19 Projects Signed at Davos – Chief Minister Devendra Fadnavis

Cabinet Sub-Committee on Industries Grants Approval to High-Tech and Thrust Sector Projects

Maharashtra to Receive ₹3 Lakh Crore in New Investments

• 1,11,725 direct jobs to be created
• Up to 3 lakh indirect jobs to be generated

Mumbai – The Cabinet Sub-Committee, chaired by Chief Minister Devendra Fadnavis, has approved additional special incentives for 17 projects that signed MoUs with Maharashtra at Davos 2025. These projects, falling under the Thrust Sector and high-tech industries, will receive incentives beyond the Group Incentive Scheme. Additionally, two other projects, categorized as mega investments, have been granted special incentives based on their investment scale. These 19 projects will bring a total investment of ₹3,92,056 crore into Maharashtra, generating 1,11,725 direct jobs and approximately 2.5 to 3 lakh indirect jobs.

The 11th meeting of the Cabinet Sub-Committee on Industries was held today at the Committee Hall of the State Legislature under the leadership of Chief Minister Fadnavis. The meeting was attended by Deputy Chief Minister & Urban Development Minister Eknath Shinde, Deputy Chief Minister & Finance Minister Ajit Pawar, Industry Minister Uday Samant, and Chief Secretary Sujata Saunik.

A total of 21 agenda items were discussed, including amendments to the February 22, 2024, government resolution to expand special incentives for high-tech mega industries beyond the Group Incentive Scheme and regional policies. The approval increases the maximum limit from 10 to 22 projects in five production sectors, removing the restriction on the number of projects per sector.

Of the 51 MoUs signed at Davos 2025, apart from the 17 projects approved by the Cabinet Sub-Committee, 9 additional projects have received approval from the Industry Department in the last two months. This brings the total number of processed projects to 26 within two months, paving the way for an estimated ₹6 lakh crore investment, leading to 2 lakh direct and 3 lakh indirect jobs in the near future.

Proposals for special incentives to projects in semiconductor chips & wafers, electric vehicles, lithium-ion batteries, aerospace & defense, and green steel production were also reviewed in the meeting. Chief Minister Fadnavis emphasized that these projects will boost technological innovation, R&D, and strengthen local supply chains, benefiting MSMEs in the Marathwada region.

The adoption of electric vehicles is expected to significantly reduce greenhouse gas emissions, attracting large-scale investments in semiconductor, steel, and EV manufacturing. This will enhance local economic growth, support technological innovation, and upskill the workforce in emerging sectors, ensuring sustainable development.

The meeting was also attended by Additional Chief Secretary (Planning) Rajgopal Deora, Additional Chief Secretary (Finance) O.P. Gupta, Industries Secretary P. Anbalagan, Development Commissioner (Industries) Deependrasinh Kushwah, and MIDC CEO R. Velrasu.