On day three of the World Economic Forum (WEF) Annual Meeting 2026, the Mumbai Metropolitan Region Development Authority (MMRDA) formalised two landmark investment Memoranda of Understanding (MoUs) valued at USD 26 billion, signalling a strategic shift towards future-ready, integrated economic ecosystems. The agreements were signed in the presence of Maharashtra chief minister Devendra Fadnavis.

With this, cumulative foreign direct investment (FDI) commitments by MMRDA at WEF 2026 have reached USD 226.65 billion, marking the highest investment mobilisation in the authority’s 51-year history. The commitments were secured through 24 MoUs, comprising 13 investment and 11 strategic partnerships . This marks a significant jump from the USD 40 billion mobilised at WEF 2025.

The $26 billion announced on Day Three includes:

*    A US$ 11 billion AI-led technology and innovation partnership with the Tata Group, and
*    A US$ 15 billion sustainable industrial development initiative under the Bharat–Switzerland (B-SWISS-MMR) collaboration.

“Together, these initiatives position the Mumbai Metropolitan Region (MMR) as a globally competitive destination for advanced manufacturing, artificial intelligence, sustainable industrial development, and innovation-led growth,” said Fadnavis .

The partnership with the Tata Group envisages the development of large-scale AI data centres and a next-generation Innovation City near the Navi Mumbai International Airport, strengthening Maharashtra’s leadership in AI, semiconductors, and Global Capability Centres (GCCs). The investment framework spans AI and digital infrastructure, innovation and R&D ecosystems, renewable energy and storage, core industries such as automotive and metals, urban infrastructure, tourism, and regional economic clusters.

The Bharat–Switzerland (B-SWISS-MMR) collaboration, signed with the Swiss Indian Chamber of Commerce, focuses on establishing the proposed Bharat–Switzerland World-Class Industrial & Sustainability Special Enclave, a large-scale, integrated industrial ecosystem anchored in sustainability, advanced manufacturing, innovation, and global best practices.

“Maharashtra is at the forefront of India’s next phase of economic transformation. The partnership with the Tata Group anchors USD 11 billion in AI-led infrastructure that will accelerate innovation and digital capabilities, while the Bharat–Switzerland collaboration brings global best practices and sustainability-led industrial development into the Mumbai Metropolitan Region. This USD 26 billion commitment is a long-term investment in our youth, our economy, and Maharashtra’s role as a global growth engine,”added Fadnavis

Deputy chief minister and MMRDA chairman Eknath Shinde said, “By integrating Swiss innovation, green technologies, and world-class infrastructure, we are creating people-centric smart industrial ecosystems that will generate quality employment and build a resilient, future-ready economy.”

Sanjay Mukherjee, IAS, Metropolitan Commissioner, MMRDA, said, these agreements mark a transition from standalone infrastructure projects to integrated, purpose-driven economic ecosystems. “The B-SWISS-MMR partnership embeds sustainability and Swiss innovation into industrial development, while the Tata Group collaboration establishes a multidimensional investment framework across AI, R&D, renewable energy, core industries, tourism, and regional growth sectors.”

MMRDA said that the MoUs are expected to generate approximately 1.5 lakh direct and indirect jobs across AI, data analytics, manufacturing, logistics, and allied sectors. Key outcomes include the development of world-class industrial and AI hubs, integrated industrial parks, logistics and supply-chain networks, trunk infrastructure, and shared utilities built to global standards.

“The investments will also drive sectoral diversification across R&D, renewable energy, core industries, tourism, and smart infrastructure, strengthening long-term economic resilience. Collectively, the initiatives will enhance Maharashtra’s and the MMR’s global competitiveness while advancing a people-centric, AI-enabled, and sustainable metropolitan ecosystem.'

"Under both partnerships, MMRDA will lead land aggregation, planning approvals, statutory clearances, trunk infrastructure provisioning, and inter-agency coordination. The Swiss Indian Chamber of Commerce will facilitate Swiss investment, technology partnerships, and knowledge exchange, while the Department of Industries, Government of Maharashtra, will provide policy support, incentives, and single-window clearances for the Tata Group projects.”