Kalpesh Mhamunkar Mumbai

A historic milestone was achieved at the World Economic Forum in Davos, as Maharashtra, under the leadership of Chief Minister Devendra Fadnavis, signed 54 Memorandums of Understanding (MoUs) worth a total of Rs15.70 lakh crore by the second day of the forum. These investments are expected to generate approximately 15.95 lakh jobs.

The largest investment agreement of the day came from the Reliance Group, which plans to invest Rs 3.05 lakh crore across several sectors. This agreement alone is expected to create around 3 lakh jobs.

Chief Minister Fadnavis highlighted that this partnership, under the leadership of PM  Modi, is a significant step towards building a "New India." Anant Ambani from Reliance Group emphasized that this investment aligns with Maharashtra’s goal of becoming the first state to achieve a doller 1 trillion economy.

The second major investment comes from Amazon, which is committing Rs 71,795 crore, particularly for data centers in the MMR. This will create approximately 83,100 jobs. Over the past two days, the MoUs signed reflect a balanced distribution of investments across Maharashtra.

Among these, the industry department has signed agreements worth Rs 11.71 crore, MMRDA has committed Rs 3.44 lakh crore, and CIDCO has signed agreements worth Rs 55,200 crore. Chief Minister Fadnavis also met former British Prime Minister Tony Blair. The two discussed potential collaboration in the energy and public transport sectors. 

Essar Renewables on Wednesday said it has inked an initial pact with the Maharashtra government to develop 2GW of renewable energy projects entailing an investment of Rs 8,000 crore. and LNG-powered truck maker Blue Energy Motors said it plans to invest Rs 3,500-crore for setting up an electric trucks production plant in Maharashtra.