The Maharashtra government has signed 54 Memorandums of Understanding (MoUs) worth ₹15.70 lakh crore during the World Economic Forum (WEF) Annual Meeting 2025 in Davos, according to a statement from the Chief Minister’s Office (CMO). These agreements are expected to generate approximately 16 lakh jobs across various sectors.
One of the key agreements involves MSN Holdings Ltd, which plans to establish an advanced lithium battery and cell manufacturing project under the state’s ‘Ultra Mega Project’ initiative. The project, requiring an investment of ₹14,652 crore, aims to create 8,760 direct and indirect jobs, with a focus on development in the Vidarbha region.
The largest MoU signed is with Reliance Group, which has committed ₹3.05 lakh crore for investments across petrochemicals, polyester, renewable energy, bioenergy, green hydrogen, green chemicals, retail, telecommunications, data centers, industrial development, hospitality, and real estate.
Maharashtra Chief Minister Devendra Fadnavis has emphasized the state’s goal of achieving a USD 1 trillion economy. These investments are part of efforts to attract global capital and expand Maharashtra’s industrial base.
The WEF Annual Meeting 2025, being held from January 20-24 in Davos, Switzerland, is themed “Collaboration for the Intelligent Age.” India has a strong presence at this year’s forum, with eight states—Kerala, Telangana, Uttar Pradesh, Andhra Pradesh, Maharashtra, Tamil Nadu, Karnataka, and West Bengal—seeking investment opportunities.
India’s delegation includes five union ministers, three state chief ministers, and nearly 100 CEOs alongside leaders from government, civil society, and the arts. Over 350 governmental leaders, including 60 heads of state and government, are attending the meeting.
This year marks India’s largest delegation at the WEF, underscoring the country’s active role in global economic discussions.