Maharashtra Govt signs 19 investment MoUs worth Rs 14.5 trillion at Davos WEF | Details

Davos: The Maharashtra Government signed as many as 19 MoUs related to investment commitments worth Rs 14.5 lakh crore in Davos on the first day of the orld Economic Forum Annual Meeting on Monday. The agreements were signed with estimate employ opportunities for over 15 lakh jobs in various sectors.

The development suggested global confidence for Maharashtra in various sectors. The state inaugurated the state pavilion at the forum on Monday, which marked the beginning of high-level engagements. Through WEF, the state is looking forward its aim to become a five trillion-dollar economy, under the vision of Viksit Maharashtra 2047, news agency ANI reported.

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Maharashtra getting good response : Fadnavis

After inaugurating the state pavilion, Chief Minister Devendra Fadnavis pointed out that Maharashtra is getting good response from investors. He added that the development of 'third Mumbai', which is being undertaken by the state government, is garnering a lot of interest. On the first day of the event, Chief Minister Devendra Fadnavis held a number of meetings with big companies like Antora Energy, Coca Cola, and Brookfield, among others, for various sectors like beverages, logistics, hospitality, urban development, etc.

Discussions held on increasing operations

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The discussions were held on increasing ongoing operations and expanding production and services. The focus were on increasing supply chains and trying to project Maharashtra as a preferred destination for investments. He was joined by a preferred base for servicing India's growing domestic and regional markets. He was joined by the Minister for Industries, Uday Samant and senior officials from CMO and other departments.

Maharashtra signed three-quarters of the MoUs last year

Notably, around three-quarters of the MoUs signed by the Maharashtra Government last year have progressed rapidly and are now on the verge of to implementation. Investors like Carlsberg Group have greatly appreciated the state's support. Several companies have built on investments made over the past year with more investment intentions of Rs 500 crore.