Maharashtra Signs Rs 4.99 Lakh Crore MoUs At Davos To Create 92,000 Jobs, Boost Infra And Renewable Energy Sectors

On the opening day of the World Economic Forum (WEF) in Davos, Maharashtra sealed MoUs worth Rs 4.99 lakh crore, expected to generate over 92,000 jobs. 

The agreements span across sectors like defence manufacturing, steel, renewable energy, infrastructure, and more, reflecting Maharashtra’s strong investment climate.

The first MoU was signed for the development of the Gadchiroli district, a region impacted by Maoist activity. 

Worth Rs 5,200 crore, this deal with Kalyani Group aims to establish projects in defence manufacturing, steel production, and electric vehicles, with the potential to create 4,000 jobs in the district.

A landmark agreement worth Rs 3 lakh crore was signed with JSW Group, covering investments in various sectors including steel, renewable energy, infrastructure, cement, and lithium-ion batteries. 

This MoU represents Maharashtra’s strategic push towards green energy and infrastructure development.

Other agreements were signed with major players such as Reliance Infrastructure, JSW, Tembo, Blackstone, and Bisleri International, among others, touching upon industries like logistics, automobiles, IT, and entertainment.

Chief Minister Devendra Fadnavis highlighted the significance of the day, calling it "historic" for the state. He emphasised Maharashtra’s pro-business environment, underscoring the growing interest from global investors. 

Additionally, an agreement was signed with FUEL to train 5,000 youth in AI, digital marketing, and business analytics, with plans for a FUEL SkillTech University in Pune.