Davos/New Delhi: The Adani Group and the Maharashtra government on Tuesday signed Memorandums of Understanding (MoUs) worth ₹6 lakh crore on the sidelines of the World Economic Forum (WEF) Annual Meeting in Davos.
The wide-ranging agreements cover investments to be rolled out over the next 7–10 years and span key growth sectors including data centres, urban infrastructure, renewable energy, coal gasification, semiconductor and display fabrication units, and arena development.
Multi-Sector Push to Boost Jobs and FDI
The MoUs were signed in the presence of Maharashtra Chief Minister Devendra Fadnavis, who said the agreements would significantly boost foreign direct investment (FDI) inflows into the state while generating large-scale employment.
“The most important aspect of these MoUs is that FDI is coming to Maharashtra on a very large scale. These projects will also create substantial job opportunities across sectors,” the Chief Minister said.
‘Ease of Doing Business Attracts Big Investments’: Pranav Adani
Pranav Adani, Director of Adani Enterprises Limited (AEL), praised Maharashtra’s business-friendly environment, saying it naturally attracts large-scale investments.
“The state has so much ease of doing business and is so inviting towards large projects that it is natural for big corporations to come in,” he said.
“As a group, we have committed an investment of ₹6 lakh crore — over $60 billion — over the next 7 to 10 years. These investments span very different sectors such as data centres, integrated urban townships, renewable energy projects, coal gasification and arena development,” Pranav Adani added.
Coal Gasification, Data Centres To Drive Employment
Chief Minister Fadnavis highlighted the employment potential of coal gasification projects, saying such initiatives create jobs on a massive scale.
Pranav Adani also underlined India’s growing strength in the digital infrastructure space, especially data centres.
“The whole world is looking towards India in the data centre sector today. Global companies are keen to establish their base in India,” he said.
“India is on its way to becoming a global data centre hub. Rising internet usage, expanding digital services, strong economic fundamentals and ease of doing business are driving demand for data storage and attracting foreign investors,” he added.
Strategic Significance
The MoUs reinforce Maharashtra’s position as India’s leading investment destination, while aligning with national priorities such as digital infrastructure expansion, clean energy transition, semiconductor manufacturing, and large-scale job creation.