Maharashtra signed MoUs worth Rs30 lakh crore at WEF Davos

Maharashtra Chief Minister Devendra Fadnavis has said that the state government has signed Memorandum of Understanding (MoUs) worth 30 lakh crore rupees at the ongoing World Economic Forum in Davos. Fadnavis said that 40 lakh job opportunities are likely to be created. Fadnvis clarified that 83 percent of these agreements involve Foreign Direct Investment, while 16 percent are in foreign technology partnerships. He added that a total of 18 countries will be investing in Maharashtra. Fadnavis also announced a circular economy initiative for Mumbai.

A circular economy initiative has been announced for Mumbai, which is expected to attract significant private-sector investment.

मुंबईसाठी सर्क्युलर इकॉनॉमीची घोषणा केली असून, यामुळे मोठ्या प्रमाणात खासगी क्षेत्रातून गुंतवणूक येणार आहे.

( पत्रकार परिषद | दावोस, स्वित्झर्लंड |… pic.twitter.com/RZJl8g5g6w

— Devendra Fadnavis (@Dev_Fadnavis) January 22, 2026

While stating that 75 percent of the investment pledged at last year’s WEF has fructified on ground, He said this year’s investment will lead to the growth of Third Mumbai, the Raigad-PEN Growth Centre and emerging hubs like Chhatrapati Sambhaji Nagar,  Sindhudurg and Ratnagiri.  The CM also held discussions with the World Bank regarding urban infrastructure, and that various financing options have been opened up.