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Jindal to explore Rs.20,000 crore investment in Maharashtra

26 Nov, 2020 by Special Correspondent

 

Mr. Sajjan Jindal, Chairman of the JSW Group met with Maharashtra Chief Minister Shri Uddhav Thackeray and industries minister Subhash Desai to discuss a potential investment opportunity of Rs. 22,000 crores by the group.

In a recent tweet, Jindal said the conversation (with Mr. Thackeray) was a clear indication that the State government is progressive in its thinking and is pro-industry.

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JSW Group is already one of the biggest investors in Maharastra with an investment of close to Rs. 34,000 crores and has additional ongoing investments of about Rs .23,000 crores.

Earlier, Jindal also met Gujarat Chief Minister Vijay Rupani on an investment opportunity in downstream, port and other infrastructure business.

“Had a very constructive meeting with the CM of Gujarat Vijay Rupani. The support government has extended to industries over the years is very reassuring and has resulted in the positive growth of the state..,” he said in a tweet.

With green shoot of economic revival in sight, Jindal is exploring to make an investment in Gujarat and ramp up focus in Maharashtra.

JSW Steel is already doubling its production at Dolvi in Maharashtra to 10 million tonnes with allied infrastructure facilities.

Source: Business Line