MoUs worth ₹4 Lakh Crores by Mumbai Metropolitan Region Development Authority – Deputy Chief Minister Eknath Shinde

Mumbai : It has turned out to be a historic day for Maharashtra. The Mumbai Metropolitan Region Development Authority signed the country’s biggest Memorandum of Understanding (MoU). Deputy Chief Minister Eknath Shinde stated that MoUs worth ₹4 lakh 7 thousand crores were signed at the same time.

Deputy Chief Minister Shinde was speaking after the signing of various MoUs during the India Global Forum 2025 event organized at the Jio World Centre.

On this occasion, Chief Minister Devendra Fadnavis, HUDCO Chairman Sanjay Kulakshetra, REC and PFC Chairman Parminder Chopra, IRFC Director Shelly Verma, NaBFID Managing Director Rajkiran Rai, Magnum Ice Cream Company CEO Abhijit Bhattacharya, Industries Department Secretary P. Anbalagan, and others were present.

Deputy Chief Minister Shinde said that MMRDA signed MoUs with companies like REC Limited (a Maharatna company under the Ministry of Power), Power Finance Corporation, Housing and Urban Development Corporation (HUDCO), Indian Railway Finance Corporation, and the National Bank for Financing Infrastructure and Development. Since these MoUs were signed with Miniratna, Maharatna, and Navratna companies, they hold greater significance. These MoUs will accelerate infrastructure development in MMR (Mumbai Metropolitan Region). In the last three years, MoUs worth ₹20 lakh crore have been signed at the World Economic Forum in Davos, which is a major record. This year, MMRDA has signed and followed through on MoUs worth ₹3.5 lakh crore in Davos. These MoUs will provide a big boost to the development of Mumbai and its surrounding areas.

Stating that India has now emerged as a Global Capability Centre (GCC) hub, Deputy Chief Minister Shinde said that more than 1,500 GCCs are operational in Bangalore, Hyderabad, Pune, and Gurgaon. Global companies like Google, Amazon, Goldman Sachs, and JP Morgan have their GCCs functioning in India. A new GCC has been launched in Pune today, which will give India’s youth the opportunity to work with the world’s largest companies. Through the GCCs, India’s capability is being enhanced on the global stage. Millions of India’s engineers, IT experts, and skilled youth are getting opportunities in GCCs. In advanced fields like Artificial Intelligence (AI), Robotics, and Data Analytics, India now has the opportunity to become a global leader. The goal is to raise the GDP of the MMR region to $300 billion by 2030. For this, an investment of $135 billion is needed. This will generate employment for another 28 to 30 lakh people. Over the past three years, the state has created a favorable environment for investment. Due to world-class infrastructure, skilled human resources, and strong governance, Maharashtra has become a preferred destination for international and local businesses. Investment is being promoted in sectors like electric mobility, logistics, semiconductor manufacturing, AI, healthtech, and edtech.

Deputy Chief Minister Shinde said that all these initiatives are important in the direction of achieving India’s target of a five trillion dollar digital economy. The progress of GCCs and other business and technology sectors is strengthening India’s economy. He expressed special thanks to Chief Minister Devendra Fadnavis and Prime Minister Narendra Modi for their proper guidance and support. Under their leadership, India is becoming a strong and dynamic economy. Maharashtra is an open and attractive region for current and future investments. For this, we can work together and succeed in the coming times.