World Economic Forum 2025: Maharashtra Signs 54 MoUs Worth Rs 15.70 Lakh Crore at Davos
The World Economic Forum (WEF) in Davos witnessed a historic moment as the Devendra Fadnavis-led Maharashtra government inked 54 Memoranda of Understanding (MoUs) worth a staggering Rs 15.70 lakh crore. This landmark achievement is poised to usher in a new era of economic growth and prosperity for the state, with the potential to generate approximately 16 lakh jobs, according to reports from the Chief Minister’s Office (CMO).
Major Investment Deals Unveiled
Among the MoUs sealed on Wednesday, the largest investment pact was with the renowned Reliance Group, totaling an impressive Rs 3,05,000 crore. This monumental investment is set to revolutionize various sectors, including petrochemicals, polyester, renewable energy, bioenergy, green hydrogen, green chemicals, industrial development, retail, data centers, telecommunications, hospitality, and real estate. The partnership with Reliance Group marks a significant step towards bolstering Maharashtra’s economic landscape and fostering sustainable development.
In a bid to further enhance the state’s industrial capabilities, an MoU was also signed with MSN Holdings Ltd for an advanced lithium battery and cell manufacturing project under the ‘Ultra Mega Project’ initiative. With an investment of Rs 14,652 crore, this transformative project is poised to create both direct and indirect job opportunities for approximately 8,760 individuals, particularly in the underdeveloped region of Vidarbha.
Expanding Defence Manufacturing Capabilities
Additionally, Maharashtra formalized an agreement with Tembo Defence Products Private Limited, a subsidiary of Tembo Global Industries Limited, at the WEF in Davos. This strategic alliance is set to bolster India’s defence manufacturing capabilities, further solidifying the state’s position as a key player in the country’s industrial landscape.
Vision for Economic Growth
Chief Minister Devendra Fadnavis’ unwavering vision is to propel Maharashtra to become the first state in India to achieve a USD 1 trillion economy. This ambitious goal underscores the state’s commitment to fostering innovation, entrepreneurship, and sustainable development on a global scale.
WEF Annual Meeting 2025: Collaboration for the Intelligent Age
The Annual Meeting 2025 of the World Economic Forum is currently underway at Davos-Klosters in Switzerland, spanning from January 20 to 24. Under the theme ‘Collaboration for the Intelligent Age,’ the forum has brought together over 350 governmental leaders, including 60 heads of state and government. India’s largest-ever delegation to the WEF Annual Meeting comprises five Union ministers, three state Chief Ministers, nearly 100 Chief Executive Officers (CEOs), and leaders from government, civil society, and the arts.
As the WEF serves as a global platform for dialogue and cooperation among key stakeholders, Maharashtra’s strategic partnerships and investment agreements are poised to drive sustainable growth, innovation, and job creation in the state. This momentous occasion underscores the state’s commitment to fostering economic prosperity and enhancing its position as a hub for investment and development on the global stage.
