Maharashtra govt signs MoUs to boost steel production

Mumbai: In what would give a major boost to steel production, the Maharashtra government has signed nine MoUs entailing a total whopping investment of Rs 80,962 crore and creating 90,300 jobs.

The deals were inked in presence of Maharashtra Chief Minister Devendra Fadnavis and Union Minister for New and Renewable Energy Pralhad Joshi in Mumbai.

The projects are located in Vidarbha, Marathwada, Western Maharashtra and Konkan.

“India’s steel sector stands at the core of our transition towards sustainable industrial growth. The shift to green steel is not just an economic objective, but a national imperative, fully aligned with the vision of Prime Minister Narendra Modi,” Joshi stated.

“Maharashtra, under the dynamic leadership of Fadnavis, is emerging as a strong pillar in India’s green steel ecosystem. Its integration of renewable energy and green hydrogen projects sets a benchmark for other states to emulate,” the central minister said.

“The state would not only lead in steel production but also play a pivotal role in India's Green Steel Mission in line with Prime Minister Narendra Modi's vision,” said Fadnavis.