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Maharashtra Secures 83% FDI Deals at Davos 2026, Unveils ₹1 Lakh Crore Tata City

Maharashtra Chief Minister Devendra Fadnavis announced at Davos 2026 that 83% of the state's new Memoranda of Understanding are for direct foreign investment, drawing capital from 18 nations. Key projects include India's first Innovation City near Mumbai, a massive venture with the Tata Group involving over ₹1 lakh crore. The state also unveiled a ₹1 lakh crore Raigad-Pen Growth Centre and a circular economy model for Mumbai to manage waste and resources. Investments are targeted across AI, quantum computing, green steel, and logistics, with a strong 75% historical MoU conversion rate.

Key Points: Maharashtra's Davos 2026 FDI Boom: 83% Foreign Investment Deals

  • 83% of Davos deals are foreign direct investment
  • Investments from 18 countries including US, UK, Japan
  • Tata Group to build India's first Innovation City
  • ₹1 lakh crore secured for Raigad-Pen Growth Centre
  • Focus on AI, quantum computing, and green steel
2 min read

83% of Davos deals "direct foreign investments": Devendra Fadnavis unveils global investment plans

CM Devendra Fadnavis reveals 83% of Davos MoUs are FDI, with mega-projects like a Tata Innovation City and a ₹1L Cr Raigad hub.

"83% of the MoUs involve direct foreign investment - Devendra Fadnavis"

Davos, January 23

Maharashtra Chief Minister Devendra Fadnavis, on Thursday during the Davos Summit 2026, revealed that 83% of the MoUs involve direct foreign investment, while 16% are through foreign technology partnerships. Investments are coming from 18 countries, including the United States, the United Kingdom, Singapore, Japan, Switzerland, Sweden, the Netherlands, Norway, Italy, Germany, France, Austria, the UAE, Spain, Canada, and Belgium.

The investments span across industrial, services, agriculture, and technology sectors. The Chief Minister stated that Maharashtra has a 75% MoU conversion rate, and that last year's MoUs were implemented at a similar rate.

These investments typically materialise over a period of 3 to 7 years. Agreements have been signed with major global and Indian companies, including SBG, Brookfield, ArcelorMittal, Fineman Global, Essar, Skoda Auto, Volkswagen, STT Telemedia, Tata Group, Adani Group, Reliance, JBL, Coca-Cola, Bosch, CapitaLand, and Iron Mountain. Although some of these are Indian companies, they have operations and investments in over 165 countries globally.

Key focus areas include quantum computing, artificial intelligence (AI), global capability centres (GCCs), data centres, healthcare, food processing, green steel, urban development, shipbuilding, fintech, logistics, and digital infrastructure.

Maharashtra will develop India's first Innovation City near Mumbai in partnership with the Tata Group. Detailed planning will be completed within the next 6 to 8 months. This concept was discussed at last year's Davos, and further deliberations took place with Tata Sons Chairman N. Chandrasekaran. The Tata Group will invest over ₹1 lakh crore, with participation from several international investors.

A comprehensive circular economy model will be developed in Mumbai to address challenges related to water, air, and waste management. All types of waste will be scientifically processed. The impact of this initiative is expected to be visible within 2 to 3 years, and the model will later be expanded to other major cities.

The Raigad-Pen Growth Centre was also announced at Davos, which will develop into a major business district. Investments worth ₹1 lakh crore have already been secured for this project.

- ANI

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Reader Comments

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Priya S
While the investment numbers sound impressive, I really hope the circular economy model for Mumbai's waste is implemented properly and quickly. We've heard big promises before. If they can actually clean up our air and water in 2-3 years, it will be a massive achievement for all Mumbaikars.
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Rohit P
Good to see investments coming from so many countries. But the article says these deals take 3-7 years to materialize. By then, will the same government be in power to see them through? Political stability is key for foreign investors. Fingers crossed!
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Sarah B
As someone working in tech, the focus on GCCs and data centres is very exciting. It means more high-skilled jobs. But we also need to ensure our local talent is trained for these roles in quantum and AI, not just importing expertise.
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Vikram M
₹1 lakh crore from Tata for the Innovation City! That's huge. These are the kind of partnerships between government and our homegrown giants that can really build world-class infrastructure. Hope the Raigad-Pen centre also gets similar attention.
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Michael C
A respectful criticism: The article mentions agriculture as a sector, but all the details are about tech and industry. I hope part of this foreign investment actually reaches our farmers for food processing and better supply chains. That's where real transformation can happen for millions.

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