Maharashtra Secures Investments of Rs 3.53 Trillion at Davos

In a significant progress towards its ambitious goal of becoming a US$1 trillion economy, Maharashtra Chief Minister Eknath Shinde announced the signing 19 Memorandum of Understanding (MOU) During his visit to the annual meeting of the World Economic Forum in Davos. Flanked by Industries Minister Uday Samant and senior officials, Shinde expressed his determination to lead the state towards economic prosperity.

Strategic investment unveiled

State government successfully seals MoU for investment amount Rs 3.53 lakh crore (US$ 44 billion) across various sectors including electronics, IT, data centres, gems and jewellery, agriculture, automobile and renewable energy. An additional expression of interest for Investment of Rs 1 lakh crore Also received, taking the total potential investment to Rs 4.5 lakh crore (about US$57 billion).

Job creation on the horizon

This substantial investment has the potential to create approximately two lakh jobs, which will significantly contribute to employment across various industries.

Regional details of investment

The signed MOU covers a spectrum of industries, ranging from setting up a green hydrogen and ammonia plant by Inox Air Products to expanding paper production capacity by Global Natural Resources Group. Notable agreements also include BC Jindal’s initiative for battery separator film manufacturing, Adani Group’s expansion of Dighi Port and JSW Steel’s entry into renewable energy.

Global Outreach and Collaboration

under the theme “Bringing confidence in a changing world,” Chief Minister Shinde met global political leaders, industry captains and decision makers to present Maharashtra as a major investment hub.

Major MoUs and Initiatives

  1. Inox Air Products: Green Hydrogen and Ammonia Plants
  2. BC Jindal: Battery Separator Film Manufacturing Facility
  3. Global Natural Resources Group: Expanding paper production capacity
  4. ABInBev: expansion of the brewery business
  5. Adani Group: Dighi Port Expansion
  6. JSW Steel: Renewable Energy Enterprise
  7. Godrej Agrovet: Investing in animal feed expansion and chemical sectors
  8. CtrlS Data Center: Installing a Solar Park
  9. Web Works: Investment in IT/ITeS Data Center
  10. Hyundai Motor: Expansion Plans

Maharashtra secures investment worth Rs 3.53 trillion in Davos_40.1

Maharashtra secures investment worth Rs 3.53 trillion in Davos_50.1

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