Reliance Infrastructure has inked a significant memorandum of understanding (MoU) with the Maharashtra government, committing an investment of Rs 16,500 crore for defence projects in the state, as reported by ANI. The announcement was made during the first day of the World Economic Forum (WEF) in Davos, showcasing Maharashtra’s ability to attract major industrial investments.
The projects under this partnership are set to be established in Ratnagiri, focusing on bolstering India’s defence capabilities while promoting industrial growth in the region. The investment is expected to generate substantial employment opportunities, contributing to Maharashtra’s broader economic development.
Chief Minister Devendra Fadnavis highlighted the importance of this collaboration, stating, “This partnership with Reliance Infrastructure will not only strengthen the state’s industrial base but also enhance India’s defence production capabilities.”
This MoU is part of a larger wave of investment commitments worth over Rs 4.99 lakh crore that Maharashtra has secured at WEF, spanning diverse sectors such as steel, renewable energy, logistics, and IT. With the state’s continued focus on ease of doing business, such agreements underline its position as a top investment destination in India.
Disclaimer: The information provided is based on announcements made during the World Economic Forum (WEF) and other sources. The company has not officially updated this information in any exchange filing.
