Tembo Global signs Rs 1,000 crore MoU with Maharashtra government for defence projects

Tembo Global has signed a memorandum of understanding (MoU) with the Maharashtra government, committing an investment of Rs 1,000 crore for defence projects in the state. The announcement was made on the first day of the World Economic Forum (WEF) in Davos, highlighting Maharashtra’s growing appeal to major industrial players.

The investment will focus on developing defence infrastructure and production capabilities, with the projects set to boost industrial growth in Maharashtra. This collaboration is expected to generate significant employment opportunities, contributing to the state’s overall economic progress.

Chief Minister Devendra Fadnavis welcomed the partnership, stating, “This agreement with Tembo Global is a step forward in strengthening Maharashtra’s role in India’s defence sector and boosting the industrial development of the region.”

This MoU is part of Maharashtra’s larger push to secure investments across various sectors, totaling Rs 4.99 lakh crore during the WEF event. With its emphasis on ease of doing business, Maharashtra continues to attract diverse and high-profile investment commitments, reinforcing its position as a top destination for industrial growth 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.