Mumbai: The Maharashtra government has achieved a landmark feat by signing 31 Memorandums of Understanding (MoUs) with investment proposals worth Rs 6.25 lakh crore at the World Economic Forum (WEF) summit in Davos. The agreements, aimed at bolstering key sectors such as steel, metals, renewable energy, infrastructure, cement, lithium-ion batteries, solar modules, and defence, were signed in the presence of Chief Minister Devendra Fadnavis and senior government officials. This monumental investment is expected to generate thousands of employment opportunities across the state, marking a significant step in Maharashtra’s industrial transformation.
Waaree energy committed Rs30000 crores
Among the major investments, the JSW Group pledged a record-breaking Rs 3 lakh crore toward Maharashtra’s Green Transformation project, focusing on renewable energy, infrastructure, and lithium-ion battery production. This initiative alone is projected to create 10,000 jobs in Chhatrapati Sambhajinagar, Gadchiroli, and Nagpur. Additionally, Waaree Energy committed Rs 30,000 crore to green energy and solar component manufacturing, creating 7,500 jobs. The summit also witnessed significant contributions from Blackstone-Panchshil Realty with an investment of Rs 25,000 crore for a data centre and IT development in the Mumbai Metropolitan Region, and ZR2 Group’s Rs 17,500 crore in the automotive and EV sector in Pune. Other notable agreements include investments from Balasore Alloys Ltd and Viraj Profiles Pvt Ltd in steel and metals, Reliance Infrastructure Ltd in defence, and Welspun in logistics, collectively contributing to the creation of over 50,000 jobs statewide.
Chief Minister Fadnavis highlighted the importance of these partnerships in propelling Maharashtra toward sustainable and inclusive growth. In a social media post, he expressed his gratitude to industry leaders such as Sajjan Jindal of JSW Group and Amit Kalyani of Kalyani Group, emphasizing that the investments would not only boost industrial development but also improve the quality of life in less developed regions like Gadchiroli. With significant contributions from global and domestic players in renewable energy, defence, and IT, the agreements are poised to make Maharashtra a leader in India’s industrial and economic landscape.
