Maharashtra made a powerful start at the World Economic Forum in Davos, securing massive investment commitments on the very first day. The state government signed nineteen memorandums of understanding, collectively worth a staggering Rs 14.5 lakh crore. Officials announced this landmark achievement on Monday.
Massive Job Creation Projected
These new deals promise to transform the state's economic landscape. According to details released by the Chief Minister's Office, the investments are projected to generate more than 15 lakh new jobs. The opportunities will span several key sectors including infrastructure development, manufacturing, renewable energy projects, digital services, food processing, and the automobile industry.
Major Investors Step Forward
Several prominent companies finalized substantial investment proposals on day one. Sumitomo Realty and Development committed a massive $8 billion, with the potential to create 80,000 jobs. K Raheja Corp signed an MoU involving $10 billion in investment and a promise of 1,00,000 jobs.
Alta Capital and Panchshil Realty together committed an enormous $25 billion. This partnership alone could generate approximately 2,50,000 employment opportunities. IISM Global also pledged $8 billion with an employment potential of 80,000 jobs.
Strategic Global Partnerships Formed
The state government did not limit itself to financial investments. It also entered into strategic and knowledge partnerships with leading global institutions. Japan International Cooperation Agency (JICA) will now serve as a strategy and policy partner for Maharashtra.
Sembcorp Development Ltd of Singapore will act as a knowledge partner, focusing on developing integrated industrial parks with low carbon emissions. The Technical University of Munich in Germany partnered with the state on sustainable urban transport systems.
Urban Futures Collective from London will collaborate with professors from top global universities. Their goal is to create digital twin ecosystems of Mumbai, enhancing the city's sustainability, resilience, and overall urban livability.
Focus on Regional Development
In a significant move for regional growth, the Maharashtra government signed an MoU with Surjagad Ispat Ltd for the tribal region of Gadchiroli in Vidarbha. This agreement involves investments worth Rs 20,000 crore and includes a commitment to generate 8,000 local jobs in the steel sector.
Separately, an agreement between the state government's MMRDA and SBG Group will focus on the logistics sector for Mumbai and the Mumbai Metropolitan Region. This partnership is expected to bring in investments worth $20 billion and could generate 4.5 lakh jobs.
Chief Minister's Engagements
Chief Minister Devendra Fadnavis led the Maharashtra delegation through a series of productive investor meetings. The delegation has four more days of scheduled engagements in Davos. Fadnavis is expected to hold further discussions aimed at attracting investments across multiple sectors.
Earlier in the day, Fadnavis met with Juvencio Maeztu, CEO and President of Ingka Group (IKEA Retail), at the Congress Centre. "It was nice to learn about IKEA's plans for India," the Chief Minister said. "He thanked us for the support by the Government of Maharashtra for their business in the state. I was very happy to hear about IKEA's plans for large-scale investment and expansion in Maharashtra."
Fadnavis also held discussions with Jeff Merritt, Head of Urban Transformation and Member of the Executive Committee of the World Economic Forum. Their talks focused on global industrial shifts and the crucial role of sustainable innovation in shaping future urban and industrial development.
This year's performance builds on previous success. During his visit to Davos in 2025, Maharashtra had received investment commitments worth Rs 16 lakh crore. The current agreements demonstrate the state's continued appeal to global investors and its commitment to economic growth and job creation.
