Maharashtra signs MoUs worth ₹4.99 lakh crore at Davos

Maharashtra kicked off the World Economic Forum (WEF) in Davos by signing agreements worth₹4.99 lakh crore. These investments are expected to create over 92,000 jobs across the state, signalling a major economic boost.

Major investment from JSW group

The largest agreement, worth ₹3 lakh crore, was signed with the JSW Group. This partnership will fund projects in steel production, renewable energy, infrastructure, cement, lithium-ion batteries, solar wafers, and cell modules.

Focus on Gadchiroli development

One of the first agreements at Davos focused on Gadchiroli, a district affected by Maoist activity. The ₹5,200 crore investment by Kalyani Group aims to develop defence manufacturing, steel production, and electric vehicles in the area. This initiative is expected to create 4,000 jobs locally, boosting regional growth.

Broad range of industry partnerships

A wide variety of companies, including Reliance Infrastructure, Balasore Alloys Ltd., Viraj Profiles Pvt. Ltd., AB InBev, JSW, Vari Energy, and Bisleri International, are committed to investing in Maharashtra. These investments span industries such as logistics, steel, automobiles, IT, energy, and entertainment.

A warm welcome for investors

Maharashtra Chief Minister Devendra Fadnavis described the day as historic, remarking, “While snow falls outside in Davos, the investment flow inside is warming the atmosphere.” He highlighted Maharashtra’s business-friendly policies and its growing reputation as an investment hotspot.

Empowering youth with new skills

The state also signed a partnership with FUEL (Friends Union for Energising Lives) to train 5,000 young people in artificial intelligence, digital marketing, and business analytics. Additionally, FUEL announced plans to establish the FUEL SkillTech University in Pune, further supporting youth employment and skill development.

Vidhika Bajaj
Vidhika Bajaj

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