WEF Davos: Maharashtra contributes Rs 30 lakh crore MoUs, 40 lakh jobs expected

WEF Davos: Maharashtra contributes Rs 30 lakh crore MoUs, 40 lakh jobs expected

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Maharashtra has signed MoUs of Rs 30 lakh crore at the World Economic Forum (WEF) in Davos, which could create up to 40 lakh jobs in areas ranging from industry, services, agriculture and technology, Chief Minister Devendra Fadnavis said on Thursday.

Addressing a virtual press conference from the Swiss city, Fadnavis said talks are at a preliminary stage for projects worth Rs 7-10 lakh crore, and MoUs are expected to materialize in the next two months.

Dominance of foreign direct investment

He said 83 percent of MoUs are foreign direct investments. As much as 16 percent of the investments are in the form of technical partnership in financial institutions, and these are import-substituting technologies, Fadnavis said.

He also said that 83 percent of foreign direct investment would come from 18 countries, including the US, UK, Singapore, Japan, Switzerland, Sweden, Netherlands, Norway, Italy, Germany, France, Austria, UAE, Spain, Canada, Belgium and other countries.

Realization rate

The realization rate of these MoUs is 75 percent. Last year’s MoUs have been 75 percent realised, the chief minister said.

The proposed investments will be realized over three to seven years.

Business partners

MoUs were signed with companies like SBGI, Brookfield, Arcelor Mittal, Finman Global, Issar, Skoda Auto, Volkswagen, STT Telemedia, Tata, Adani, Reliance, JBL, Coca-Cola, Bosch, Capital Land and Iron Mountain, the CM said.

Even Indian groups have investments in 165 countries. Investments have been made in areas such as quantum computing, AI, GCC, data centres, healthcare, food processing, green steel, urban development, shipbuilding, fintech, logistics and digital infrastructure, he said.

Regional distribution

Konkan and Mumbai Metropolitan Region (MMR) attracted 22 per cent of investments and Vidarbha 13 per cent, the CM said.

North Maharashtra districts such as Nashik, Jalgaon, Dhule and Ahilyanagar have bagged investment proposals of Rs 50,000 crore.

Chhatrapati Sambhajinagar in Marathwada raked in an investment of Rs 55,000 crore.

Konkan, which includes the MMR, has secured an investment of Rs 3,50,000 crore, while the Vidarbha region is expected to receive an investment of Rs 70,000 crore.

Institutional MoUs

Institutional MoUs have also been signed with Japan International Cooperation Agency (JICA), Japan Bank of International Cooperation (JBIC), University of Berkeley, University of California and Stanford Biodesign of Stanford University, the CM said.

Innovation city

Maharashtra is building India’s first innovation city near Mumbai along with the Tata group and detailed planning will take place in the next six to eight months, he said.

The project was conceived at the Davos conference last year and discussions were held with N Chandrasekaran of Tata Sons, Fadnavis said.

The Tata group will invest over Rs 1 lakh crore in the project which has also attracted investors from other countries, the CM said.

The Raigad-Pen Growth Center was announced in Davos this year and will create a new business district, Fadnavis said, adding that it has already attracted investments of Rs 1 lakh crore.

Circular economy

The CM also said that the state government will develop the circular economy in Mumbai to solve problems like water and air pollution.

Efforts will be made to process all types of waste, he said, adding, “We can show results in Mumbai in the next two to three years.”

At the WEF, Fadnavis met Zimbabwe’s Minister of Foreign Affairs and International Trade, Amon Murwira.

He also met Adam Sobey, the mission director of the Alan Turing Institute, and discussed transportation with a focus on measures to reduce carbon emissions and meet future needs with clean solutions.

He discussed various aspects of urban development with Hilde Tonne, chairman of Arup Group, and mutual collaboration with Alessandro Guccilani of the Indo-Italian Chamber of Commerce and Industry, Fadnavis said.

Published on January 23, 2026

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