The Maharashtra government has signed two landmark agreements worth 1.75 trillion INR with JW Global Group and Shyam Steel. The investments prioritize high-tech infrastructure, including a massive 1.4 GW artificial intelligence campus and pioneering small modular nuclear reactor technology to support India's digital and industrial growth.
According to official disclosures, the Maharashtra state government has finalized two Memorandums of Understanding (MoUs) totaling 1.75 trillion INR to bolster the region’s high-tech and industrial sectors. The majority of this capital, approximately 1.65 trillion INR, will be deployed by JW Global Group and the Seed Consortium. A central component of this initiative is a 1,139.07 billion INR sustainable artificial intelligence (AI) campus and data center.
This 1.4 GW facility is engineered to serve as a foundational pillar for India’s AI economy. JW Global Group is a diversified investment entity focused on large-scale infrastructure, while Shyam Steel is a prominent Indian manufacturer specializing in high-quality construction steel. This development is strategically significant as it marks Maharashtra’s entry into the private civil nuclear space.
The consortium plans to utilize KAERI Smart C technology to deploy a 440 MW twin-unit small modular reactor for carbon-free captive power. Additional energy projects include a 2 GW floating solar plant on the Ujani dam and a green hydrogen production facility. Furthermore, Shyam Steel has committed 100 billion INR to establish a 2-million-tonne integrated steel plant in the Chandrapur district, which includes a 260 MW captive power station.
The industry impact is twofold: it addresses the critical need for massive, reliable power in data centers while pioneering decentralized nuclear energy in India. For investors, this signifies a shift in state policy toward high-value, sustainable technology hubs over traditional manufacturing. These projects are expected to generate thousands of technical and construction roles, solidifying the state’s position as a primary destination for advanced technology and sustainable industrialization in South Asia.
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