Maharashtra Secures MoUs Worth Around Rs 16 Lakh Crore At WEF Davos, Aims For $1 Trillion Economy By 2030

Maharashtra Chief Minister Devendra Fadnavis announced on Wednesday (22 January) that the state has signed Memorandums of Understanding (MoUs) worth nearly Rs 16 lakh crore during the World Economic Forum (WEF) Annual Meeting in Davos.

These agreements span multiple sectors and are pivotal to Maharashtra’s ambition of achieving a $1 trillion GDP by 2030.

Fadnavis stated in an interview with PTI that for India to become a $5 trillion economy, Maharashtra's economy must reach $1 trillion, a target that will be achieved by 2030.

The Chief Minister attributed the record-breaking investment commitments to the confidence of investors in the policy continuity at both the Centre and state levels, as well as their trust in Prime Minister Narendra Modi’s leadership.

He assured that the state government would diligently track the MoUs to ensure their realisation into actual investments.

During a press conference with other Indian leaders, Fadnavis highlighted the importance of collective growth among states for the country’s progress.

Telangana minister D Sridhar Babu expressed optimism about his state also reaching the $1 trillion milestone. Kerala minister P Rajeev, attending Davos for the first time, extended invitations to the upcoming Invest Kerala summit.

Tamil Nadu minister T R B Rajaa emphasised India’s global leadership as a knowledge powerhouse, suggesting that events like WEF could be hosted in Indian cities.

For the first time, all Indian leaders, including those from the Centre and various states, shared a unified presence at Davos. Rajaa suggested that the next time, it should be just one pavilion for everyone from the country.

Civil Aviation Minister K Ram Mohan Naidu praised the delegation, describing it as a "deadly mix of experience and youth," crediting Prime Minister Modi for this cohesive representation.

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