Davos (Switzerland): Maharashtra achieved a historic milestone on the opening day of the World Economic Forum (WEF) in Davos, securing investment agreements worth an astonishing Rs 6,25,457 crore. These record-breaking deals, facilitated under the leadership of Chief Minister Devendra Fadnavis, demonstrate the state’s investor-friendly policies and vast growth potential.
One of the key announcements at the summit was Tata Group’s commitment to invest Rs 30,000 crore in Maharashtra. Chief Minister Fadnavis met Tata Group Chairman N. Chandrasekaran to discuss the strategic advantages the state offers for expanding operations, further strengthening their long-standing relationship.
In addition to Tata Group, Fadnavis engaged with several global business leaders to attract investments into Maharashtra. The Carlsberg Group expressed interest in investing in the state after a meeting with their CEO, Jacob Arup Andersen. Similarly, MA Yusuf Ali, Managing Director of Lulu Group, expressed intentions to set up projects in Nagpur and expand their retail presence across Maharashtra.
A highlight of the discussions was the renewable energy sector, where Fadnavis met Renew Power’s President and CEO, Sumant Sinha. The focus was on a 15,000 MW pipeline and a wind power project in Beed district, underlining Maharashtra’s commitment to sustainability.
Fadnavis also met with other prominent industry leaders, including Shinder Electric India MD and CEO Deepak Sharma, to discuss cooperation on ITI empowerment programs and AI in the energy sector. He also met with Mastercard’s APAC President Laing Hai, focusing on agriculture, food processing, and international shipping, and engaged with Louis Dreyfus CEO Michael Glenchi to enhance agricultural cooperation.
Among the largest investments, JSW Group committed a massive Rs 3 lakh crore in areas such as steel, renewable energy, cement, infrastructure, and electric vehicles (EVs). This investment is expected to generate 10,000 jobs, particularly in Nagpur and Gadchiroli. Chief Minister Fadnavis thanked Sajjan Jindal, Chairman of JSW, for this significant contribution to Maharashtra’s growth.
In another groundbreaking development, the Kalyani Group announced an investment of Rs 5,200 crore in defence, steel, and EV sectors in Gadchiroli, a district with traditionally low industrial activity. This initiative will create 4,000 jobs, marking a pivotal moment for the region’s industrialization.