“Maharashtra Is the Powerhouse of India’s Future,” Says CM Devendra Fadnavis at Davos

Davos | Special Correspondent
Proving Chief Minister Devendra Fadnavis’s statement that “Maharashtra is the Gateway of India for industries and investments,” the state secured a massive ₹14.5 lakh crore worth of investment agreements on the very first day of the World Economic Forum (WEF) Annual Meeting in Davos. These investments are expected to generate nearly 15 lakh employment opportunities across Maharashtra.

The Memoranda of Understanding (MoUs) were signed through the Industries, Investment and Services Department of the Government of Maharashtra, in the presence of Chief Minister Devendra Fadnavis and Industries Minister Dr. Uday Samant, with participation from representatives of leading domestic and global industries.

Investments Across Key Growth Sectors

The signed investment agreements span diverse sectors including green energy, food processing, steel manufacturing, IT–ITES, data centers, electric vehicles and automobiles, shipbuilding, and digital infrastructure. These investments will be distributed across Mumbai, Ratnagiri, Palghar, Gadchiroli, and Ahilyanagar, boosting regional development and large-scale employment generation.

Strong Global Response at Maharashtra Pavilion

Chief Minister Devendra Fadnavis, along with Industries Minister Dr. Uday Samant and a high-level delegation of state officials, is attending the WEF Annual Meeting in Davos. From the very first day, global investors showed strong interest in Maharashtra, leading to a surge in investment commitments and creating an atmosphere of enthusiasm at the Maharashtra Pavilion.

Earlier, the Maharashtra Pavilion was formally inaugurated by CM Devendra Fadnavis in the presence of Industries Minister Dr. Uday Samant. On the occasion, the Chief Minister stated:

“Maharashtra is ready to move towards the future as a reliable and long-term partner. As the powerhouse of India’s future, Maharashtra is calling upon the global industrial community.”

Government Assures Speedy Implementation

During discussions held while signing the MoUs, CM Fadnavis assured investors:

“We are fully committed to justifying the trust shown by industries and investors in Maharashtra. The implementation of these agreements will be closely monitored through a dedicated war room. All necessary facilities will be provided to entrepreneurs in a timely and quality-driven manner.”

The Chief Minister also expressed confidence that this year’s investment and employment agreements will surpass last year’s figures, given the overwhelming response from investors.

Focus on Circular Economy and Mega Urban Development

CM Fadnavis highlighted Maharashtra’s focus on circular economy initiatives, particularly through solid waste management, air quality improvement, and water management projects in Mumbai. He also emphasized that Maharashtra is a land of unlimited opportunities.

The Maharashtra Economic Advisory Council has prepared a roadmap for the development of the Mumbai Metropolitan Region (MMR) and the creation of Third Mumbai, with a strong emphasis on business growth and high-paying job creation.

More MoUs Expected in Coming Days

Over the next two days, Maharashtra is expected to sign additional investment agreements in sectors such as Artificial Intelligence, Quantum Computing, Digital Infrastructure, FinTech, Logistics, Infrastructure, Shipbuilding, Electric Vehicles, and renewable energy. Negotiations and discussions with industry representatives are already underway.

MAITRI Initiative Boosts Investor Confidence

The growing investor confidence has been further strengthened by the Maharashtra Industry, Trade and Investment Facilitation Cell (MAITRI), established last year on the Chief Minister’s directive. This dedicated institutional mechanism has played a crucial role in improving ease of doing business and accelerating investment inflow into the state.