Devendra Fadnavis Announces ₹30 Lakh Crore Investment MoUs at World Economic Forum
Maharashtra Chief Minister Devendra Fadnavis has announced that the state secured Memorandums of Understanding worth ₹30 lakh crore during the ongoing World Economic Forum (WEF) meeting in Davos. According to the Chief Minister, the commitments are expected to generate nearly 40 lakh employment opportunities across the state over the coming years.
Speaking about the scale of the agreements, Mr Fadnavis noted that the bulk of the investment is coming through foreign channels. He explained that a significant share of the MoUs involve direct capital inflows from overseas firms, while a smaller portion is tied to technology collaborations with international partners.
Major Share from Global Investors
The Chief Minister said that companies and institutions from 18 different countries have pledged to invest in Maharashtra. He added that these commitments reflect rising global confidence in the state’s industrial ecosystem, infrastructure development plans and policy environment.
Mr Fadnavis also pointed to last year’s World Economic Forum outcomes, stating that around three-fourths of the investment promises made earlier have already translated into projects on the ground.
Focus on New Growth Corridors
Looking ahead, the government expects the latest round of proposed investments to drive the development of several new economic zones and industrial clusters. These include the proposed Third Mumbai project, the Raigad–Pen growth corridor and emerging hubs such as Chhatrapati Sambhaji Nagar, Sindhudurg and Ratnagiri.
Officials believe that these regions will play a crucial role in decentralising industrial activity, strengthening regional infrastructure and expanding job creation beyond traditional urban centres.
The announcements at Davos underline Maharashtra’s push to attract international capital while positioning itself as a leading destination for large-scale manufacturing, logistics, technology and infrastructure projects in India.
