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Maharashtra Unveils Rs 80,962 Crore Deals and AI Reforms in Green Steel Push

Officials aim to convert new MoUs into projects through an AI-driven, single-window approval system.

Overview

  • At AIIFA Steelex in Mumbai, the state signed MoUs worth Rs 80,962 crore with nine companies, projecting more than 40,000 jobs.
  • The government issued green steel certificates as the chief minister said Maharashtra will lead production under the national Green Steel Mission.
  • The chief minister reiterated a 58% renewable share in the energy mix by 2030 and a plan to deliver 16,000 MW of solar power to farmers by 2026 to ease subsidies and lower industrial tariffs.
  • MoUs cover 75,000 MW of pumped storage, with 7,000 MW expected to come online within two years to support round-the-clock green power and grid stability.
  • Orders include an AI-based building-permission platform, a single-window clearance mechanism, and initial permission relief for green-category industries to speed approvals.