Real Estate Maharashtra

Congress Criticizes Maharashtra Government Over Davos MoUs

2026-01-20 · Geosquare

Mumbai, Jan 20 (PTI) The Congress party on Tuesday criticized the Maharashtra government over the memoranda of understanding (MoUs) signed at the World Economic Forum (WEF) in Davos, questioning the rationale behind traveling abroad to sign deals with Indian companies.

Chief Minister Devendra Fadnavis is attending the WEF annual meeting in Davos, where he signed 19 MoUs involving investment commitments worth Rs 14.5 lakh crore and more than 1.5 million jobs on its first day.

Speaking to reporters in Nagpur, Congress leader Vijay Wadettiwar said, “If Indian companies are going abroad to sign agreements, what is the benefit? Will foreign companies actually invest in Maharashtra?” Congress MP Varsha Gaikwad also criticized the state government over the MoU it signed with Lodha Developers in Davos, suggesting the deal could have been signed at the government’s Sahyadri Guest House, the state secretariat, or the real estate company’s office.

“Like every year, this year too, a whole entourage has accompanied Chief Minister Fadnavis to Davos to sign MoUs, the majority of them with Indian companies. Last year, MoUs were signed with the Hirandanani and Raheja Groups in Davos, when both these firms are based in Mumbai. Why is the taxpayers’ money wasted this way?” she said. PTI MR ARU

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