Maharashtra signs investment MoUs worth Rs 14.5 lakh cr at WEF

Maharashtra government on Monday signed 19 MoUs involving investment commitments worth Rs 14.5 lakh crore and over 15 lakh jobs on its first day in Davos for the World Economic Forum Annual Meeting. Announcing details, the state government said these MoUs are across sectors and underscore strong global confidence in Maharashtra’s consumer markets, infrastructure readiness, and long-term growth fundamentals. Soon after inaugurating the state pavilion, Chief Minister Devendra Fadnavis said the state is getting good response from investors and even the development of 'third Mumbai', being undertaken by his government, is seeing a lot of interest.
The investments are distributed across several key departments and sectors. Infrastructure & Urban Development: The Mumbai Metropolitan Region Development Authority (MMRDA) signed MoUs worth approximately INR 11 lakh crore (USD 137 billion) with global firms including Brookfield and Sumitomo. Industrial Development: The Industry, Investment and Services Department coordinated deals worth INR 3.13 lakh crore (USD 38 billion). Strategic Partnerships: MMRDA entered a strategic partnership with the Japan International Cooperation Agency (JICA) and several international universities to develop Mumbai as a future-ready global city.  Of these MoUs, SBG Group for investment worth Rs 3.2 lakh crore (USD 44 Bn), Arcelor Mittal Rs 1.1 lakh crore (USD 12 BN), Lodha Group Rs 1 lakh crore (USD 12 Bn), Skoda Auto Volkswagen Rs 12,000 crore (USD 1.44 Bn) and Surjagad Ispat Rs 20,000 crore.