Partners in Progress
JSW takes significant step to boost India’s industrial growth and contribute to nation building at the WEF in Davos
At the World Economic Forum (WEF) in Davos, JSW signed significant Memorandums of Understanding (MoUs) with the governments of Maharashtra and Telangana, marking substantial investments in both states.
In Maharashtra, the JSW Group committed to investing Rs 3 lakh crores to enhance steel manufacturing with green technology, develop renewable energy projects, and establish advanced units for electric vehicles and high-performance EV batteries. This collaboration aims to generate approximately thousands of jobs and bolster Maharashtra’s industrial environment.
To read more about the partnership, click here
Additionally, JSW UAV Limited, a wholly-owned subsidiary of JSW Defence, has entered into an MoU with the Government of Telangana to establish a state-of-the-art manufacturing facility to make Unmanned Aerial Systems (UAS) in the state.
As part of this strategic initiative, JSW UAV is set to invest approximately Rs 800 crores in the project, through a technology arrangement with a leading US-based defence technology company.
To read more about the partnership, click here
These transformative partnerships underscore JSW’s commitment to driving innovation, sustainability, and economic growth in India. The investments in Maharashtra and Telangana reflect a vision for a future where cutting-edge infrastructure, green solutions, and job creation go hand in hand, solidifying India's role as a global hub for sustainable and high-tech industries.
