NewKerala.com

Maharashtra Secures Record $173B in Deals on WEF Davos Opening Day

The Maharashtra government announced a record-breaking haul of investment Memorandums of Understanding worth Rs 14.5 lakh crore ($173 billion) on the opening day of the World Economic Forum summit in Davos. The 19 agreements are projected to generate more than 15 lakh jobs and advance the state's "Viksit Maharashtra 2047" vision. Key sectors include infrastructure, with the MMRDA signing massive deals, and industry, with major commitments from global firms. State officials highlighted that 75% of MoUs from January 2025 are already being implemented, with upcoming talks focused on advanced technology sectors.

Key Points: Maharashtra Signs Rs 14.5 Lakh Cr MoUs at Davos WEF Summit

  • Record Rs 14.5L cr MoUs signed
  • Aims to create over 15 lakh jobs
  • MMRDA leads with Rs 11L cr infrastructure deals
  • 75% of Jan 2025 MoUs already in implementation
  • Focus on AI, Quantum, Fintech, Green Energy next
2 min read

Maha signs MoUs for investment worth Rs 14.5 lakh cr on opening day of WEF summit

Maharashtra govt signs 19 MoUs worth Rs 14.5 lakh crore on WEF Davos opening day, targeting 15 lakh jobs and a $5 trillion economy vision.

"These agreements align with the state's 'Viksit Maharashtra 2047' vision - State Government Release"

Davos, Jan 19

The Maharashtra Government secured a record-breaking $173 billion in investment Memorandums of Understanding on its opening day of the World Economic Forum summit. This massive single-day haul nearly equals the state's total investment collection from the entire 2025 Davos summit.

The 19 MoUs signed are projected to generate more than 15 lakh jobs across various sectors. These agreements align with the state's "Viksit Maharashtra 2047" vision and its ambitious goal of becoming a five trillion-dollar economy, said the state government release.

The investments are distributed across several key departments and sectors. Infrastructure & Urban Development: The Mumbai Metropolitan Region Development Authority (MMRDA) signed MoUs worth approximately INR 11 lakh crore (USD 137 billion) with global firms including Brookfield and Sumitomo.

The Industry, Investment and Services Department coordinated deals worth INR 3.13 lakh crore (USD 38 billion). Strategic Partnerships: MMRDA entered a strategic partnership with the Japan International Cooperation Agency (JICA) and several international universities to develop Mumbai as a future-ready global city.

Of these MoUs, SBG Group for investment worth Rs 3.2 lakh crore (USD 44 Bn), Arcelor Mittal Rs 1.1 lakh crore (USD 12 BN), Lodha Group Rs 1 lakh crore (USD 12 Bn), Skoda Auto Volkswagen Rs 12,000 crore (USD 1.44 Bn) and Surjagad Ispat Rs 20,000 crore.

Chief Minister Devendra Fadnavis led high-level engagements with global giants such as Coca-Cola and Antora Energy to discuss scaling operations and strengthening supply chains.

The state highlighted its "single window" clearance system and the MAITRI investment cell as key drivers for rapid implementation, said the release.

Officials noted that 75[ per cent of the MoUs signed in January 2025 have already progressed to the implementation stage, reinforcing international investor confidence in the region's infrastructure readiness. Following the Day 1 success, the Maharashtra delegation aims to maintain momentum throughout the week.

Upcoming discussions are expected to focus on AI, Quantum Computing, Fintech, and Green Energy as the state continues its dialogue with global leaders, stated the release.

- IANS

Share this article:

Reader Comments

P
Priya S
Impressive numbers on paper, but let's be real. We've seen big MoU announcements before. The real test is ground-level implementation. Will these projects face the usual delays in land acquisition and environmental clearances? I hope the 'single window' system is as efficient as they claim. Fingers crossed for actual execution.
R
Rohit P
Great to see JICA and international universities involved in developing Mumbai. We need that global expertise to solve our urban planning mess. Hope this partnership brings in smart solutions for traffic, waste management, and affordable housing. Mumbai has the potential to be a world-class city.
S
Sarah B
As someone working in the auto sector, the Skoda Volkswagen investment is very promising. It signals confidence in India's manufacturing ecosystem. This should boost ancillary industries and create skilled jobs. Hope the benefits are spread beyond just the Mumbai-Pune belt to other parts of the state too.
V
Vikram M
₹11 lakh crore just for MMRDA? That's mind-boggling. Brookfield and Sumitomo are major players. If even half of this materializes, the face of the Mumbai metropolitan region will change. But please, for God's sake, plan the infrastructure first. We can't have more towers without better roads and water supply.
M
Meera T
While the scale is impressive, I sincerely hope the environmental and social impact of such massive infrastructure projects is thoroughly assessed. Sustainable development is key. The mention of Green Energy is good, but it must be central to all these plans, not an afterthought. Let's build a future that is prosperous *and* clean.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50