Maharashtra Signs Investment Agreements Worth ₹30 Lakh Crore at Davos – Chief Minister Devendra Fadnavis

CM Interacts with Maharashtra Journalists via Video Conference

Davos, Jan 2026 : At the World Economic Forum held in Davos, Maharashtra signed investment agreements worth ₹30 lakh crore, while preliminary discussions for agreements totaling an additional ₹10 lakh crore have also been completed, Chief Minister Devendra Fadnavis informed journalists. These investments are expected to generate 40 lakh jobs in the state.

Addressing journalists from Maharashtra via video conference, the Chief Minister stated that 83% of these agreements involve direct foreign investment, coming from 18 countries, including the USA, UK, Singapore, Japan, Switzerland, Sweden, Netherlands, Norway, Italy, Germany, France, Austria, UAE, Spain, Canada, and Belgium. 16% of the investments involve foreign technology partnerships. The agreements span all sectors – industrial, services, agriculture, and technology. Historically, 75% of MoUs are successfully realized, with last year’s agreements also achieving a 75% implementation rate.

CM Fadnavis added that these investments typically materialize over 3–7 years, and agreements have been signed with companies like SBG, Brookfield, ArcelorMittal, Finman Global, Essar, Skoda Auto, Volkswagen, STT Telemedia, Tata, Adani, Reliance, JBL, Coca-Cola, Bosch, Capital Land, and Iron Mountain. While some groups are Indian, their investments span around 165 countries. Key sectors include quantum computing, AI, GCC, data centers, healthcare, food processing, green steel, urban development, shipbuilding, fintech, logistics, and digital infrastructure.

Investment Across Maharashtra

• Konkan and MMR: 22%
• Vidarbha: 13%
• Other regions of the state: 50%

Notable regional allocations include:

• North Maharashtra: Nashik, Jalgaon, Dhule, Ahilyanagar – ₹50,000 crore
• Marathwada: Chhatrapati Sambhajinagar – ₹55,000 crore
• Konkan region: ₹3,50,000 crore
• Nagpur and Vidarbha: ₹2,70,000 crore

CM Fadnavis also noted institutional agreements with JICA, JBIC, University of Berkeley, University of California, Stanford University (Stanford Biodesign), among others.

India’s First Innovation City Near Mumbai

Maharashtra, in partnership with Tata, will develop the country’s first Innovation City near Mumbai. Detailed planning for the project will be completed in the next 6–8 months. This concept was first introduced at Davos last year, and Tata Sons, led by N. Chandrasekaran, will invest over ₹1 lakh crore. Several other international investors are expected to participate as well.

Circular Economy Development in Mumbai

Mumbai will be developed as a circular economy hub, addressing challenges related to water, air, and waste management. This model will be replicated in other major cities. Over the next 2–3 years, tangible results are expected. At Davos, CM Fadnavis also announced the Raigad-Pen Growth Center, which will create a business district with an initial investment of ₹1 lakh crore.

Other Meetings and Engagements

• Zimbabwe’s Foreign and International Trade Minister Prof. Amon Murwira praised Maharashtra’s progress in solar energy during a conference attended by CM Fadnavis and Union Minister Pralhad Joshi.
• CM Fadnavis met Adam Sobe, Mission Director of the Alan Turing Institute, to discuss transport sector innovations and measures to reduce carbon emissions for a cleaner, sustainable future.
• Discussions were also held with Hilde Tone, Chairperson of the Arup Group, on various urban development initiatives, and with Alessandro Giuliani of the Indo-Italian Chamber of Commerce and Industry to enhance mutual cooperation.