Maharashtra Secures USD 360 Billion Investments at Davos

At the World Economic Forum in Davos, Maharashtra attracted investment commitments worth approximately USD 360 billion. The announcement was made by the Chief Minister, Devendra Fadnavis, emphasizing the state's appeal as a prime investment hub. This package promises significant employment potential, estimated between 3 to 4 million jobs.

Predominantly driven by Foreign Direct Investment (FDI), the agreements involve 18 countries including the US, UK, and Japan. The investments cover a wide range of sectors such as AI, semiconductors, renewable energy, and biotechnology. Highlight projects include two greenfield city developments, notably the Maharashtra Innovation City as a global AI hub.

The state's commitment to converting MoUs into actionable projects is underscored by a 75 percent success rate from the previous year's agreements. This positions Maharashtra as a global center for manufacturing and innovation.