India, Oct. 7 -- The Maharashtra government approved investments worth almost Rs.41,000 crore at a meeting of the cabinet sub-committee on industries on Monday. Chief minister Devendra Fadnavis, who heads the committee, also directed the state administration to prepare a new policy for 'green steel'. The policy will encourage investments in steel plants that follow near zero carbon-emission practices.

The 13 investment proposals worth Rs.40,917 crore include Avaada Electro Pvt Ltd, which will set up a solar power plant with an investment of Rs.13,647 crore in Nagpur; NPSPL Advanced Materials Pvt Ltd, which will set up coke oven products in Chhatrapati Sambhaji Nagar by investing Rs.5,440 crore; LNK Green Energy Pvt Ltd, which will set up...