Maharashtra government inks 54 MoUs of over Rs 15 lakh crore in two days at Davos

Mumbai: The Maharashtra government has signed a total of 54 MoUs worth Rs 15.70 lakh crore at the World Economic Forum in Davos. This is expected to generate 15.95 lakh jobs.

The largest investment among today’s MoUs was from the Reliance Group, which will invest Rs 3.05 lakh crore across sectors like petrochemicals, polyester, renewable energy, bioenergy, green hydrogen, green chemicals, industrial development, retail, data centers, telecommunications, hospitality, and real estate. 

This single agreement is expected to generate 3 lakh jobs.

Fadnavis said that the agreement with Reliance, which includes significant investment in the service sector, will contribute significantly to job creation. 

Anant Ambani of Reliance Group stated that this investment is part of their vision to make Maharashtra the first state with a $1 trillion economy, a goal the government is committed to achieving under the leadership of Prime Minister Narendra Modi.

Another major investment is from Amazon, which will invest Rs 71,795 crore in data centers in the Mumbai Metropolitan Region (MMR). This investment will create 83,100 jobs.

Over the past two days, MoUs have been signed with investments across all regions of the state, aiming for balanced development. Of these total agreements, the Industrial Department has signed agreements worth Rs 11.71 crore, the MMRDA has signed deals worth Rs 3.44 lakh crore, and CIDCO has signed agreements worth Rs55,200 crore.