JSW Group’s ₹40,000 Crore EV Project Powers Into Maharashtra, Leaving Odisha Behind

JSW Group’s ₹40,000 Crore EV Project Powers Into Maharashtra, Leaving Odisha Behind

Aurangabad, Maharashtra | September 24, 2024

In a major boost to Maharashtra’s EV ambitions, JSW Group has relocated its ₹40,000 crore electric vehicle and battery project from Odisha to Maharashtra. Here’s why Maharashtra emerged as the clear winner in India’s EV race:

Leading EV Policies: Attractive incentives, tax breaks, and swift land approvals give Maharashtra a competitive edge.

World-Class Infrastructure: Superior highways, ports, and railways enable seamless scaling and logistics.

Skilled Workforce: Maharashtra’s top-tier institutions provide an EV-ready talent pool.

Speedy Approvals: Streamlined clearances through single-window systems make it a business-friendly state.

Collaborative Ecosystem: Strong partnerships with global and domestic EV leaders solidify Maharashtra’s position.

Impact: Odisha’s missed opportunity highlights Maharashtra’s rise as India’s premier EV hub, driving jobs, innovation, and sustainable growth.