Maharashtra signs MoUs worth ₹4.99 lakh crore at Davos

DAVOS : Maharashtra signed memorandums of understanding (MoUs) worth ₹4.99 lakh crore, on the first day of the World Economic Forum in Davos. These investments are expected to generate 92,235 jobs. The most significant MoU, worth ₹3 lakh crore, was signed with JSW Group for investments in steel, renewable energy, infrastructure, cement, lithium-ion batteries, solar wafers, and cell modules.

The World Economic Forum (WEF) 2025 began its annual meeting in Davos, Switzerland, on Monday with a call for ‘collaboration for the intelligent age’ and signaling global economic boost. The Indian contingent is the largest ever this year with the Centre and States coming together in the skiing resort town at the global business summit.

Historic day for Maharashtra at Davos

The first MoU signed at Davos was for the Maoist-affected Gadchiroli district. The agreement, worth ₹5,200 crores, was signed with Kalyani Group for projects in defence manufacturing, steel production, and electric vehicles and is projected to generate 4,000 jobs in the district.

The agreements include investments from Reliance Infrastructure, Balasore Alloys Ltd., Viraj Profiles Pvt. Ltd., AB InBev, JSW, Vari Energy, Tembo, Blackstone, Panchshil Realty, Avni Power Batteries, GenSol, Bisleri International, and others. The investments cover logistics, automobiles, steel, electronics, IT, infrastructure, energy, and entertainment. 

Chief Minister Shri Devendra Fadnavis said that,” this is a historic day for Maharashtra while it’s snowing outside in Davos, the investment flow inside has created a warm atmosphere“.