Jindal Stainless Ltd (JSL) is looking at investing Rs 40,000 crore in Maharashtra to set up a stainless steel manufacturing facility, a move which will increase its presence in the country. Responding to a query, JSL said the company has submitted an investment proposal to the government of Maharashtra, which has also been approved at a meeting of the state cabinet subcommittee. The meeting was chaired by deputy chief ministers Eknath Shinde and Ajit Pawar and other senior leaders. The proposal, with an estimated investment of Rs 40,000 crore, is scheduled to be developed over the next 10 years, which is expected to create more than 15,000 jobs.