Maharashtra Cabinet clears AI Policy 2026, targets ₹10,000 crore investment and 1.5 lakh jobs
Synopsis
Key Takeaways
The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, on Wednesday, 29 April 2025, approved the Artificial Intelligence (AI) Policy 2026, targeting an investment of over ₹10,000 crore and the creation of 1.5 lakh job opportunities across the state. The Cabinet simultaneously cleared the MAGESTIC project — Maharashtra's green energy and storage integration initiative — to be funded through a World Bank loan.
What the AI Policy 2026 Covers
The AI Policy 2026 proposes the establishment of 6 AI Centres of Excellence to ensure equitable distribution of opportunities across Maharashtra, alongside 5 AI Innovation Cities designed to bolster the state's AI infrastructure. The policy signals Maharashtra's intent to position itself as India's leading AI destination, with incentives aimed at attracting both domestic and global technology investment.
The Cabinet's approval comes just two days after Chief Minister Fadnavis launched the MahaChatur AI Chatbot — a WhatsApp-based assistant offering a unified platform for skill development, job alerts, entrepreneurship guidance, market linkages, and grievance redressal. Fadnavis underscored India's demographic edge, noting that 65 per cent of the country's population is under the age of 35.