Data centres, solar manufacturing, and green energy anchor eight MoUs; two strategic pacts add UK–Europe pipeline and revive a freight hyperloop link
MUMBAI (India CSR): The Maharashtra government on Tuesday signed investment memoranda worth Rs. 42,893 crore, pegged to create 28,558 jobs across data centres, solar manufacturing, green energy, industrial equipment, and real estate–logistics. The signings also included two strategic agreements—one to attract investments from the UK and Europe and another to build a freight hyperloop corridor between JNPT and Vadhavan.
‘Data centre and solar integration capital’
Chief Minister Devendra Fadnavis said the commitments reflect investor confidence in Maharashtra’s policy environment, adding that the state is “emerging as the data centre capital and solar energy integration capital of India.” He assured investors of end-to-end government support for timely execution.
Eight MoUs: who’s investing, where, and how many jobs
The state inked eight investment MoUs and released an indicative jobs count. Highlights:
- Prestige Estate Projects Ltd: ₹12,500 crore in data centres, logistics, real estate; 8,700 jobs.
- Jupiter International Ltd: ₹10,900 crore for solar panel manufacturing (Butibori/Nagpur); 8,308 jobs.
- Webmint Digital Pvt Ltd: ₹4,846 crore data centre project; 2,050 jobs.
- LNK Green Energy: ₹4,700 crore green energy investment; 2,500 jobs.
- Vow Iron & Steel Pvt Ltd (Nagpur-based): ₹4,300 crore integrated steel plant (Gondpipri, Chandrapur); 1,500 jobs.
- Rovision Tech Hub Pvt Ltd: ₹2,564 crore data centre; 1,100 jobs.
- Rochak Systems Pvt Ltd: ₹2,508 crore data centre; 1,000 jobs.
- Atlas Copco: ₹575 crore in industrial equipment; 3,400 jobs.
These eight MoUs together account for the ₹42,893 crore outlay and more than 28,000 jobs as announced.
Rs 42,893-cr MoUs: Maharashtra eyes 28,558 jobs, logistics leap
| Company | Sector/Project | Investment (₹ crore) | Jobs |
|---|---|---|---|
| Prestige Estate Projects Ltd | Data centres, logistics & real estate | 12500 | 8700 |
| Jupiter International Ltd | Solar panel manufacturing | 10900 | 8308 |
| Webmint Digital Pvt Ltd | Data centre | 4846 | 2050 |
| LNK Green Energy | Green energy | 4700 | 2500 |
| Wow Iron & Steel Pvt Ltd | Integrated steel | 4300 | 1500 |
| Rovison Tech Hub Pvt Ltd | Data centre | 2564 | 1100 |
| Rochak Systems Pvt Ltd | Data centre | 2508 | 1000 |
| Atlas Copco | Industrial equipment | 575 | 3400 |
| TOTAL | 42893 | 28558 |
Strategic pact #1: UK–Europe pipeline
Maharashtra also signed a partnership with the Global India Business Corridor (GIBC) to channel foreign capital from the UK and Europe into infrastructure, manufacturing, technology, renewable energy, healthcare, and education. The state pitched the pact as part of its push toward a $1 trillion economy and highlighted its leadership in FDI inflows.
Strategic pact #2: Freight hyperloop for ports
In a separate agreement, the state revived its hyperloop ambitions—this time for cargo movement—by signing with TuTr Hyperloop Pvt Ltd, a deep-tech startup incubated at IIT Madras. The proposed Linear Induction Motor (LIM)-based system will link JNPT with the upcoming Vadhavan Port to speed up container throughput and reduce road congestion and emissions. The government said the initiative aligns with national logistics efficiency goals.
Why data centres now?
Officials framed the data-centre-heavy slate as part of a broader plan to position the emerging ‘Third Mumbai’ region as a hyperscale digital infrastructure hub, citing land availability, power readiness, and submarine cable proximity. The state also underscored its leading share of India’s FDI in FY25 as evidence of sustained investor appetite.
Solar manufacturing push
The Jupiter International project is among the day’s largest single commitments and is expected to support domestic solar supply chains amid India’s push for energy transition and grid integration. The government said the facility will generate 8,308 jobs and deepen the state’s role in the national solar manufacturing map.
Steel, equipment, and green energy
Beyond digital and solar, Vow Iron & Steel’s integrated steel project in Chandrapur signals a capacity addition for downstream manufacturing, while Atlas Copco’s industrial equipment investment and LNK Green Energy’s project broaden the sectoral spread of this round of MoUs. Officials stressed local job creation and balanced regional distribution.
Hyperloop: from passenger dream to cargo-first design
Maharashtra’s earlier hyperloop plan focused on Mumbai–Pune passenger travel with a test track approved in 2019. The reboot shifts to freight, where the economics and regulatory path may be more tractable. The JNPT–Vadhavan corridor is designed to mesh with port expansion plans—Vadhavan is slated for a 20-metre draft and a place among the world’s top container ports—thereby positioning the state as a pilot ground for first-of-its-kind cargo hyperloop deployment.
‘Transformational’ logistics
Calling the freight hyperloop a step-change for Indian logistics, Fadnavis said it could bring “transformative change in logistics, transportation, and mobility not only in Maharashtra, but across India,” while reiterating that all MoU projects will be handheld by the government to ensure timely commissioning.
What’s next
The government said line departments and the state’s single-window system will track approvals, utilities tie-ups, and land allotment to convert announcements into ground-breaking. Industry groups welcomed the intent but asked for swift execution and a clear industrial policy update to lock in investor momentum.
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(India CSR)
