What major agreements did Maharashtra's CM Devendra Fadnavis sign in Davos?

Devendra Fadnavis signed nearly 85 MoUs in Davos, focusing on industry, services, agriculture, and advanced technology sectors.

How much foreign investment is Maharashtra attracting from its Davos MoUs?

83% of Maharashtra's MoUs signed in Davos involve direct foreign investment, with many from 18 different countries.

What is the 'Innovation City' project near Mumbai?

Innovation City is a new project near Mumbai, a partnership between Maharashtra and the Tata Group, expected to attract over Rs 1 lakh crore.

Home / Business and Economy / Maharashtra Seals 85 MoUs in Davos for Global Investment

Maharashtra Seals 85 MoUs in Davos for Global Investment

23 Jan

•

Summary

Maharashtra signed nearly 85 MoUs in Davos, focusing on industry and tech.
83% of pacts involve foreign direct investment, 16% in technology partnerships.
Innovation City planned near Mumbai with Tata Group, over Rs 1 lakh crore investment.

Maharashtra Seals 85 MoUs in Davos for Global Investment

At the World Economic Forum in Davos, Maharashtra has secured close to 85 Memoranda of Understanding (MoUs) across critical sectors like industry, services, agriculture, and advanced technology. Chief Minister Devendra Fadnavis highlighted that these agreements are set to significantly boost the state's economy.

These MoUs represent a substantial inflow of foreign capital, with 83% of them geared towards direct foreign investment and an additional 16% focused on foreign technology collaborations. These investments are anticipated from 18 countries, including major economies like the United States, Japan, and Germany.