The Maharashtra government has signed a record 31 MoUs with investment proposals worth Rs 6,25,457 crore in sectors like steel, metals, renewable energy, infrastructure, cement, lithium-ion batteries, and solar modules, during the World Economic Forum summit at Davos.

The MoUs were signed on Tuesday in the presence of Chief Minister Devendra Fadnavis and senior government officials.

CM Fadnavis said, “The MoU signed today paves the way for Maharashtra’s comprehensive growth and development.” He further stated that this marks a new record for securing such a significant investment amount in a single day, with more investment agreements expected on the second day as well.

Of the Rs 6,25,457 crore, JSW will invest a record Rs 3 lakh crore for Maharashtra’s Green Transformation, and Tata Group will also invest Rs 30,000 crore across multiple sectors.

The Chief Minister met with key executives from several companies and invited them to invest in Maharashtra. Among them, Tata Group Chairman N. Chandrasekaran confirmed an investment of Rs 30,000 crore in the state. CM Fadnavis also met Carlsberg Group CEO Jacob Aarup-Andersen, who expressed interest in investing in Maharashtra, and assured him of full cooperation.

Additionally, M.A. Yusuff Ali, Managing Director of Lulu Group, expressed interest in investing in Nagpur and expanding operations in Maharashtra. CM Fadnavis discussed a 15,000 MW pipeline and wind energy projects in Beed district with ReNew Power Chairman and CEO Sumant Sinha. Schneider Electric India’s Managing Director and CEO Deepak Sharma also met the Chief Minister to discuss AI in the energy sector and strengthening ITIs with World Bank assistance. Plans for expansion in Ahilyanagar and Nashik were also mentioned.

Discussions with Mastercard APAC President Ling Hai and Louis Dreyfus Company CEO Michael Gelchie focused on agriculture, food processing, international shipping, and financial sectors. CM Fadnavis also met Cognizant CEO Ravi Kumar S. to explore potential investments and opportunities.

“The series of meetings highlighted Maharashtra’s focus on attracting substantial global investments and fostering economic development,” said the Chief Minister’s Office.

In his post on X, CM Fadnavis expressed happiness over the historic Rs 3,00,000 crore MoU signing with JSW Group, which will generate 10,000 jobs in regions like Chhatrapati Sambhajinagar, Gadchiroli, and Nagpur. He thanked Sajjan Jindal of JSW for being part of this milestone, which he believes will significantly boost Maharashtra’s industrial environment, especially in sectors like renewable energy, infrastructure, cement, lithium-ion batteries, and solar modules, in line with the state’s ‘Green Maharashtra’ mission.

Other notable MoUs include:

• Waaree Energy’s investment of Rs 30,000 crore in green energy and solar components, which will create 7,500 jobs.
• Blackstone-Panchshil Realty’s investment of Rs 25,000 crore in data centers, generating 500 jobs.
• Erulearning Solutions’ investment of Rs 20,000 crore in education.
• ZR2 Group’s investment of Rs 17,500 crore in automobiles and EVs in Pune, generating 4,000 jobs.
• Reliance Infrastructure Ltd’s investment of Rs 16,500 crore in the defense sector, creating 2,450 jobs.
• Powerin Urjaa’s investment of Rs 15,299 crore in green energy, generating 4,000 jobs.
• Essar and Blue Energy’s investment of Rs 8,000 crore in green energy, creating 2,000 jobs.

Other investments include MoUs with companies in automotive, steel, food, beverages, logistics, and more. The total investments across these sectors will create thousands of jobs and contribute significantly to Maharashtra’s economic growth.