The collaboration will focus on advancing renewable energy projects, supporting industries in adopting decarbonization strategies, improving energy efficiency in large-scale industries and SMEs, and ensuring compliance with environmental regulations as per government policies.

Dinesh Joshi, Co-Chairman of FICCI Maharashtra State Council, highlighted the importance of this partnership in supporting Maharashtra’s sustainable development goals. Bipin Shrimali, Managing Director of MAHAPREIT, noted that this collaboration will address climate change concerns and assist in the state's renewable energy transition.

The MoU also aims to aggregate demand across various sectors, providing affordable sustainability solutions to MSMEs and contributing to Maharashtra’s goal of achieving net carbon neutrality.