Maharashtra creates history at WEF Davos with Rs 6.25 lakh crore investment MoUs

On the first day of the World Economic Forum (WEF) in Davos, Maharashtra achieved a historic milestone by signing 31 Memorandums of Understanding (MoUs) worth a staggering ₹6,25,457 crore. These investments are expected to generate over 92,000 jobs, cementing Maharashtra’s position as a top industrial hub.

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Key Highlights:

  • Record-Breaking Investments: ₹6.25 lakh crore in commitments across multiple sectors, including steel, renewable energy, infrastructure, logistics, and more.
  • Largest Deal: JSW Group leads with a ₹3 lakh crore investment, focusing on steel, renewable energy, lithium-ion batteries, and infrastructure projects.
  • Gadchiroli’s First MoU: Kalyani Group has committed ₹5,200 crore to projects in defense, steel, and EVs, creating 4,000 jobs in the Naxal insurgency-affected district.

Major Agreements:

Company Sector Investment Jobs Created
JSW Group Steel, Renewable Energy ₹3 lakh crore 10,000
Kalyani Group Defense, Steel, EVs ₹5,200 crore 4,000
Reliance Infrastructure Defense ₹16,500 crore 2,450
Balasore Alloys Steel & Metals ₹17,000 crore 3,200
Viraj Profiles Steel & Metals ₹12,000 crore 3,500
Welspun Logistics ₹8,500 crore TBD

Chief Minister’s Vision:

Chief Minister Devendra Fadnavis, who is leading the state delegation, expressed optimism about the historic achievement. He said, “These investments will accelerate Maharashtra’s development and make it a global economic hub.”

The investments are distributed across key districts, including Nagpur, Palghar, Pune, and Ratnagiri, driving inclusive growth. The agreements highlight Maharashtra’s commitment to fostering economic growth and job creation while making strides in renewable energy and sustainable development.

This landmark achievement showcases Maharashtra’s strong industrial appeal and proactive policies, setting the stage for a transformative economic future.