Maharashtra signs MoUs worth ₹4.99 lakh crore at Davos

On the first day of the World Economic Forum in Davos, Maharashtra signed memorandums of understanding (MoUs) worth ₹4.99 lakh crore. 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 first MoU signed at Davos was for the Maoist-affected Gadchiroli district . The agreement, worth ₹5,200 crore, was signed with Kalyani Group for projects in defence manufacturing, steel production, and electric vehicles. The initiative 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. “Today is a historic day for Maharashtra. While it’s snowing outside in Davos, the investment flow inside has created a warm atmosphere,” said Chief Minister Devendra Fadnavis. He stressed Maharashtra’s investor-friendly business environment, adding that investors are queuing up to invest in the State. The Maharashtra government also signed an agreement with FUEL (Friends Union for Energising Lives) to train 5,000 youth in artificial intelligence, digital marketing, and business analytics. FUEL also announced plans to establish the FUEL SkillTech University in Pune. Published - January 22, 2025 11:32 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Maharashtra