In a major boost for Maharashtra’s economy, Chief Minister Devendra Fadanvis led the signing of multiple Memorandums of Understanding (MoUs) worth thousands of crores at the World Economic Forum (WEF) in Davos, Switzerland. The agreements, inked under his direct oversight alongside the Mumbai Metropolitan Region Development Authority (MMRDA), span critical sectors poised to transform the state’s industrial landscape.
From real estate and logistics to steel production, renewable energy, IT-ITeS, data centers, urban transport, and sustainable industrial growth, these pacts with leading global companies and institutions signal robust investor confidence. Fadanvis engaged in high-level discussions with international business leaders, paving the way for unprecedented investments.
A standout meeting was with Jeff Merritt, Head of Urban Transformation and Executive Committee Member at WEF, where they delved into global industrial shifts and the pivotal role of sustainable innovation in future enterprise development. Separately, talks with Juvencio Mauez, CEO and Chairman of Ingka Group (IKEA Retail), focused on IKEA’s expansion plans in Maharashtra, with Fadanvis expressing gratitude for central government support.
Key deals include a $20 billion logistics pact for Mumbai, a Rs 20,000 crore steel investment in Gadchiroli and Vidarbha, Rs 565 crore steel deal in Palghar with BFN Forgings, Rs 4,000 crore renewable energy MoU with Yoki Green Energy, and a massive Rs 1 lakh crore agreement with Lodha Developers for IT and data centers in the Mumbai metropolitan region.
Fadanvis also met Coca-Cola’s CVP Michael Goltzman, discussing expansion opportunities in areas like Jamner and highlighting Maharashtra’s supportive GCC policy and quality food production ecosystem. These engagements underscore Maharashtra’s emergence as a top investment destination, promising job creation and accelerated development.