The Maharashtra government has secured a record-breaking $173 billion (Rs 14.5 lakh crore) in investment Memorandums of Understanding (MoUs) on the opening day of the World Economic Forum (WEF) summit. This massive single-day haul nearly equals the state’s total investment collection from the entire Davos summit in 2025.
The 19 MoUs signed are projected to generate more than 15 lakh jobs across multiple sectors. These agreements align with the state’s ‘Viksit Maharashtra 2047’ vision and its ambitious goal of becoming a $5 trillion economy, according to a state government release.
The investments are spread across key departments and sectors. In infrastructure and urban development, the Mumbai Metropolitan Region Development Authority (MMRDA) signed MoUs worth approximately Rs 11 lakh crore ($137 billion) with global firms, including Brookfield and Sumitomo.
The Industry, Investment and Services Department coordinated investment commitments worth Rs 3.13 lakh crore ($38 billion).
As part of strategic partnerships, the MMRDA also entered into an agreement with the Japan International Cooperation Agency (JICA) and several international universities to develop Mumbai as a future-ready global city.
Among the major MoUs are investments by the SBG Group worth Rs 3.2 lakh crore ($44 billion), ArcelorMittal Rs 1.1 lakh crore ($12 billion), Lodha Group Rs 1 lakh crore ($12 billion), Skoda Auto Volkswagen Rs 12,000 crore ($1.44 billion) and Surjagad Ispat Rs 20,000 crore.
Chief Minister Devendra Fadnavis led high-level engagements with global companies such as Coca-Cola and Antora Energy to discuss scaling operations and strengthening supply chains.
The state highlighted its ‘single-window’ clearance system and the MAITRI investment cell as key drivers for rapid implementation, the release said.
Officials noted that 75 per cent of the MoUs signed in January 2025 have already progressed to the implementation stage, reinforcing international investor confidence in the state’s infrastructure readiness.
Following the Day 1 success, the Maharashtra delegation aims to maintain momentum throughout the week. Upcoming discussions are expected to focus on artificial intelligence, quantum computing, fintech and green energy, as the state continues its engagement with global leaders, the release added.
–IANS
