The Maharashtra government approved four large-scale high-technology projects expected to bring a total investment of Rs 1,17,220 crore to the state.

These projects will be established in the Marathwada, Vidarbha, Pune, and Panvel regions, and according to government officials, they are estimated to create around 29,000 jobs.

The decision was taken in the cabinet cub-committee on industries headed by the chief minister Eknath Shinde.

The CM said that the approved projects will lead to significant investments in the semiconductor and electric vehicle manufacturing sectors. It will help Maharashtra in establishing itself as a leading state in electric vehicle manufacturing.

Israel-based Tower Semiconductor company will set up a high-technology semiconductor manufacturing project in Panvel, Raigad district in two phases. In the first phase, the firm will invest Rs 58,763 crore.