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,

JSW Group to Invest Rs 3 Lakh Crore in Maharashtra - JSW Group , led by Sajjan Jindal, has announced an investment of Rs 3 lakh crore in the state across

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.

JSW Group plans to invest Rs 3 lakh crore in Maharashtra, enhancing steel manufacturing and green energy projects, boosting the states economy.

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.