Maharashtra Secures Record-breaking Investments at Davos 2025
The Maharashtra government, led by Chief Minister Devendra Fadnavis, has signed 54 MoUs worth Rs 15.70 lakh crore at the World Economic Forum in Davos, marking the state’s highest-ever investment agreements. Reliance Group leads with a Rs 3.05 lakh crore
MaharashtraInvestmentDavosWefReliance GroupReal Estate MaharashtraJan 23, 2025
The largest investment among these MoUs comes from the Reliance Group, which will invest Rs 3.05 lakh crore in various sectors including petrochemicals, polyester, renewable energy, bioenergy, green hydrogen, green chemicals, industrial development, retail, data centers, telecommunications, hospitality, and real estate.
This single agreement is expected to generate around 3 lakh jobs.
Chief Minister Fadnavis highlighted that the agreement with Reliance, which includes significant investment in the service sector, will contribute substantially to job creation.
Anant Ambani of the Reliance Group stated that this investment is part of their vision to make Maharashtra the first state with a $1 trillion economy, a goal the government is committed to under the leadership of Prime Minister Narendra Modi.
Another significant investment is from Amazon, which will invest Rs 71,795 crore in data centers in the Mumbai Metropolitan Region (MMR).
This investment is projected to create 83,100 jobs.
Over the past two days, MoUs have been signed with investments across all regions of the state, aiming for balanced development.
The Industrial Department has signed agreements worth Rs 11.71 crore, the MMRDA has signed deals worth Rs 3.44 lakh crore, and CIDCO has signed agreements worth Rs 55,200 crore.
Other companies that have signed MoUs with the Maharashtra government include CEAT, VIT Semicons, Tata Group, Rural Enhancers, PowerIn Energy, Open Origin India Industries, eLearning Solutions, Gritta Energy, Vardhan Lithium, Indorama, Sotefin India, Blackstone, Larsen and Toubro Ltd, Economic Explosives Ltd, MSN Holdings Ltd, Hazero Industries, Temasek Capital Management, and the Hiranandani Group.
These agreements will significantly contribute to the development of various sectors in Maharashtra, fostering both investment and employment opportunities.
The Annual Meeting 2025 of The World Economic Forum is taking place at Davos-Klosters from January 20 to January 24, 2025.
India has sent its largest-ever delegation to the WEF, comprising five union ministers and three state chief ministers.
Nearly 100 CEOs and leaders from government, civil society, and the arts are also in attendance at the event.
The India Pavilion at the 55th World Economic Forum annual conference in Davos, Switzerland, features eight states—Kerala, Telangana, Uttar Pradesh, Andhra Pradesh, Maharashtra, Tamil Nadu, Karnataka, and West Bengal—each seeking investment opportunities from executives of companies worldwide.
Davos 2025 has convened under the theme ‘Collaboration for the Intelligent Age.’ This theme underscores the importance of collaborative efforts in addressing global challenges and fostering sustainable growth.
Frequently Asked Questions
What is the total value of MoUs signed by Maharashtra at Davos 2025?
The total value of MoUs signed by Maharashtra at Davos 2025 is Rs 15.70 lakh crore.
Which company made the largest investment in Maharashtra at Davos 2025?
The Reliance Group made the largest investment, worth Rs 3.05 lakh crore.
How many jobs are expected to be created by the Reliance Group's investment?
The Reliance Group's investment is expected to generate around 3 lakh jobs.
Which sectors will the Reliance Group invest in?
The Reliance Group will invest in sectors like petrochemicals, polyester, renewable energy, bioenergy, green hydrogen, green chemicals, industrial development, retail, data centers, telecommunications, hospitality, and real estate.
What is the theme of Davos 2025?
The theme of Davos 2025 is ‘Collaboration for the Intelligent Age.’
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