NewKerala.com

Maharashtra Secures $96B at Davos, Fadnavis Meets World Bank Chief

Maharashtra Chief Minister Devendra Fadnavis met with World Bank Group President Ajay Banga at the World Economic Forum in Davos to discuss a green industrial corridor and digitizing MSMEs. The state secured a historic $96 billion in investment commitments through 10 MoUs on the first day of the forum. These agreements are expected to create approximately 9.6 lakh jobs and are seen as key to achieving Maharashtra's $1 trillion economy goal. Fadnavis also met with Carlsberg CEO Jacob Aarup-Andersen, who praised the state's ease of doing business.

Key Points: Maharashtra Secures $96B Investment at Davos WEF 2026

  • $96B investment secured on first day
  • 10 MoUs to generate 9.6 lakh jobs
  • Focus on green industrial corridor & MSME digitization
  • Aims for $1 trillion state economy
2 min read

Maharashtra CM Devendra Fadnavis meets World Bank Chief Ajay Banga at Davos

Maharashtra CM Fadnavis meets World Bank's Ajay Banga at Davos, announces historic $96 billion investment MoUs for Mumbai's transformation.

"The historic USD 96 billion in investments... is a reflection of the global investors' unwavering faith in Maharashtra's potential. - Devendra Fadnavis"

Davos, January 20

Maharashtra Chief Minister Devendra Fadnavis on Tuesday met with Ajay Banga, President of the World Bank Group, at the World Economic Forum in Davos.

Taking to social media platform X, Fadnavis said, "Our discussion focused on strategies to unlock the potential of a green industrial corridor in Maharashtra to attract global investment, along with initiatives to digitise MSMEs to enhance competitiveness and drive export growth."

"Our continued collaboration will support Maharashtra's sustained growth and development through strategic and impactful initiatives," he added.

Earlier, the Maharashtra CM also met Carlsberg CEO Jacob Aarup-Andersen on the sidelines of the World Economic Forum in Davos.

In a post on X, he said, "Carlsberg CEO Mr. Jacob Aarup-Andersen appreciates Maharashtra and expressed gratitude to CM Devendra Fadnavis for ease of doing business in the State under his leadership and team."

"They're also expanding the business with huge increased investments," he added.

Notably, at the WEF, the Mumbai Metropolitan Region Development Authority (MMRDA) achieved a historic milestone, securing investment commitments worth USD 96 billion (Rs 8.73 lakh crore) on the very first day through the signing of 10 major Memoranda of Understanding (MoUs).

The landmark agreements are expected to generate approximately 9.6 lakh direct and indirect jobs, positioning the Mumbai Metropolitan Region (MMR) as the talent capital of India and Asia.

Speaking on the exchange of these MoUs at Davos 2026, Chief Minister Devendra Fadnavis said, "The historic USD 96 billion in investments secured on the very first day of WEF 2026 is a reflection to the global investors' unwavering faith in Maharashtra's potential. These 10 MoUs are not just financial agreements; they are the blueprints for 'Mumbai 3.0' and the key to accelerating our march towards the USD 1 trillion economy milestone."

"By transforming the MMR into a world-class, technology-driven powerhouse, we are ensuring that Maharashtra remains the primary engine of India's growth. Following last year's Rs 16 lakh crore success, we have set our sights even higher this year to bring life-changing infrastructure and millions of jobs to our youth," he added.

The 56th Annual Meeting of the World Economic Forum (WEF) is being held from January 19 to 23, 2026, at Davos-Klosters, with nearly 3,000 participants from over 130 countries, including a record number of world leaders, CEOs, innovators and policymakers, under the theme "A Spirit of Dialogue."

- ANI

Share this article:

Reader Comments

P
Priya S
Hope these MoUs translate into real, on-ground projects and not just remain paper announcements. We've seen big numbers before. The proof will be in the execution and how it benefits the common person, not just big corporates.
V
Vikram M
Meeting with the World Bank chief and Carlsberg CEO on the same day shows the diverse outreach. Good to see Maharashtra aggressively pitching itself on a global stage like Davos. This is how you attract investment and create Brand India.
S
Sarah B
As someone working in the sustainability sector, I'm particularly encouraged by the mention of a "green industrial corridor." Combining industrial growth with environmental responsibility is the only way forward. Hope the details are robust.
R
Rohit P
All this talk of Mumbai 3.0 and trillion-dollar economy is great, but what about the infrastructure in the rest of Maharashtra? Development shouldn't be concentrated only in MMR. Need balanced growth for the entire state.
K
Karthik V
Digitising MSMEs is a crucial step. As a small business owner in Pune, easier access to credit, technology, and export markets can really help us compete. Hope these discussions lead to practical schemes on the ground soon.

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

Leave a Comment

Minimum 50 characters 0/50