The Maharashtra government has signed 54 memorandums of understanding (MoUs) worth Rs. 15.70 lakh crore at the ongoing WOrld Economic Forum in Davos. The highest ever investment proposals of the state government are expected to generate 15.95 lakh jobs.
The largest MoU was inked with Reliance Group, which will invest Rs 3.05 lakh crore across sectors like petrochemicals, polyester, renewable energy, bioenergy, green hydrogen, green chemicals, industrial development, retail, data centers, telecommunications, hospitality, and real estate. This e agreement is expected to generate 3 lakh jobs.
Chief minister Devendra Fadnavis mentioned that the agreement with Reliance, which includes significant investment in the service sector will contribute significantly to job creation. Anant Ambani of Reliance Group stated that this investment is part of their vision to make Maharashtra the first state with a $1 trillion economy, a goal the government is committed to achieving under the leadership of prime minister Narendra Modi.
Another major proposal is from Amazon, which will invest Rs 71,795 crore in data centers in the Mumbai Metropolitan Region (MMR). This investment will create 83,100 jobs.
Over the past two days, MoUs have been signed with investments across all regions of the state, aiming for balanced development. Of these total agreements, the Industrial Department has signed agreements worth Rs 11.71 crore, the MMRDA has signed deals worth Rs 3.44 lakh crore, and CIDCO has signed agreements worth Rs 55,200 crore, an official release issued here Wednesday said.
Over the two days since January 21, investment proposals were signed with: Gritta Energy for Rs Rs 10,319 crore; Vardhan Lithium Rs 42,535 crore, Indorama Rs 21,000 crore, Indorama, Rs 10,200 crore, Sotefin India, Rs 8,641 crore, Blackstone,Rs 43,000 crore, Ceylon Beverages Rs 1,039 crore, Larsen and Toubro Ltd Rs 10,000 crore, Nelson Media Pvt. Ltd. Rs 450 crore, Economic Explosives Ltd Rs 12,780 crore, MSN Holdings Ltd Rs 14,652 crore, Priyam Solutions Pvt. Ltd. Rs 300 crore, Renaissance Solar & Electronic Materials Rs,5,000 crore, Hazero Industries Rs 16,000 crore (two projects), Toral India Rs 500 crore, Temasek Capital Management Rs 43,000 crore, Hiranandani Group Rs 51,600 crore, Everstone Group Rs 8,600 crore, University of Birmingham, MTC Group and Crossrail International.
Other companies with which MoUs are signed are – CEAT in in automobile EV sector for Rs 500 crore investment which will generate employment for 500 people in Nagpur, VIT Semicons, with investment of Rs 24,437 crore, and employment of 33,600 people in Ratnagiri, Tata Group, with Investment of Rs 30,000 crore, Rural Enhancers, investment of Rs 10,000 crore, Power In Energy, investment of Rs 15,299 crore, employment of 4,000 persons, Open Origin India Industries with investment of Rs 15,000 crore, United Phosphorus Ltd with Rs 6,500 crore investment, eLearning Solutions with Rs 20,000 crore investment, Electra EV Rs 3,000 crore, and SkillTech University, Pune, which will give employment to 5,000 youth to be trained in AI, Digital Marketing and Business Analytics
The annual meeting of World Economic Forum (WEF) is taking place at Davos- Klosters during 20-24 January. The India Pavillion at WEF 2025 has representation fro eight states -- Uttar Pradesh, Maharashtra, Kerala, Telangana , Andhra Pradesh, Tamil Nadu, Karnataka and West Bengal -- seeking investment opportunities from companies worldwide.
Five union ministers, three chief ministers , almost 100 CEOs and leaders from the government, civil society and arts are part of the Indian delegation.
