Maharashtra CM Shinde to sign MoUs worth Rs 1.4 Lakh Cr at Davos

Eknath Shinde

Maharashtra chief minister Eknath Shinde, who is on a two-day visit to participate in the World Economic Forum Annual Meeting at Davos, plans to sign MoUs worth Rs 1.4 lakh crore to bring investments to Maharashtra. These investments are expected to create more than 66,500 jobs in the state.

According to officials, around 21 Memorandums of Understanding (MoUs) are lined up to be signed with leading foreign investors and global companies during CM Shinde’s visit.

The majority of these are greenfield initiatives in the fields of data centres, pharmaceuticals, logistics, chemicals, automobiles, electric vehicles, renewable energy, and ESDM (Electronics System Design & Manufacturing), which can be used to promote inclusive growth, create jobs, and also result in sustainable development.

Maharashtra, according to CM Shinde, has been a major force behind and contributor to India’s economic expansion. “We are paving the way by providing cutting-edge investment options and boosting investor trust. These MoUs show the increased interest in the state and are evidence of the progressive policies and investor-welcoming programmes implemented by Maharashtra under our new government. I have presented the progressive policy reforms of my government, making the state a part of the global conversation, to reiterate to political leaders and global investors why Maharashtra is a premier investment destination,” he added.