WEF Davos 2025: Maharashtra signs 61 MoUs worth ₹15.70 lakh crore in the World Economic Forum in Davos
Maharashtra shone the brightest among the six Indian states that participated in the World Economic Forum (WEF) held in Davos, Switzerland, from January 20 to 24, 2025. The state captured investments of ₹15.7 lakh crore with 61 Memorandums of Understanding (MoUs). These MoUs are estimated to create 15.95 lakh job opportunities. Maharashtra’s achievements further strengthen its investment destination credentials in the country.
Major Highlights
Maharashtra plans to set up AI-Powered Innovation City in Navi Mumbai, Maharashtra. The purpose of this futuristic project is to make Maharashtra a globally recognised hub for artificial intelligence and also for nurturing innovation and research.
- The megaproject will utilize AI to improve governance, create jobs, and offer advanced technological solutions.
- It is hoped that these investments will further enhance global technological investment in the region.
Phenomenal Job Creation The signing of the MoUs at Davos will result in the creation 15.95 lakh jobs in Navi Mumbai alone in sectors such as IT, infrastructure, green energy, manufacturing, and many more. This will be a historical moment for Maharashtra’s economy and employment rates.
Crucial Investment Contracts
Maharashtra has executed contracts with leading global corporations across IT, renewable energy, infrastructure, and even manufacturing. Here are a few of the important deals:
Reliance Industries
- Investment: ₹3.05 lakh crore
- Jobs: 3 lakh (3,00,000)
The investment will be directed toward petrochemicals, green hydrogen, data center development, and retail expansion.
Amazon Web Services (AWS)
- Investment: ₹71,795 crore
- Jobs: 83,100
AWS will support the expansion of data centers in the Mumbai Metropolitan Area, further solidifying the position of Maharashtra as the Data Capital of India.
Brookfield
- Investment: ₹1.03 Lakh Crore
This multinational alternative investment company will emphasize infrastructure construction that will significantly raise the level of urbanization of the state of Maharashtra.
Hiranandani Group
- Investment: ₹51,600 crore
This housing and construction conglomerate will focus on the development of new urban centers as well as modern business infrastructure.
L&T Defence
- Investment: ₹10,000 crore in Talegaon
- Jobs: 2,500
This investment will consolidate the position of Maharashtra in the defense manufacturing ecosystem of India, considering the increasing defense requirements of the country.
Maharashtra’s Mission @ #WEF25 Davos!
— CMO Maharashtra (@CMOMaharashtra) January 22, 2025
🤝MoU 37
Signed between
Govt of Maharashtra & L&T Defence.
Total investment: ₹10,000 crore
Employment: 2500
Location : Talegaon
Sector: Defence
CM Devendra Fadnavis & the delegates of L&T Defence witnessed the signing.
Total MoUs… pic.twitter.com/38yu68N8zE
Investment By Sector
Renewable Energy
- Maharashtra has also reached agreements with Sun Petrochemicals regarding pumped hydro storage systems and solar power plants that will lead to the creation of 7,000 jobs and an investment of ₹45,500 Crores
- Renaissance Solar & Electronic Materials will invest ₹5,000 crore in generating green energy that will provide employment to 1,300 people.
Industry of Textiles
Indorama has entered into an agreement wherein it will establish textile manufacturing units and in return receive ₹31,200 crores, which will lead to job creation for 4,000 people.
Electronics combined with AI
Maharashtra, in partnership with Vardhaan Lithium, has signed an employment-generating contract within the electronics space, which provides ₹42,535 crores worth of jobs to 5,000 people.
Infrastructure
Blackstone, Temasek Capital, and Sumitomo Realty have also invested a combined total of ₹43,000 crores to enhance infrastructure investment in the MUMBAI Metropolitan Region.
Focus on Artificial Intelligence (AI)
- Maharashtra CM Devendra Fadnavis stated that artificial intelligence should be given greater attention due to its impact on governance and employment. He also underlined that the Navi Mumbai smart city would focus on AI-led R&D infrastructure.
- The Maharashtra state cabinet is stating India’s first unmanned AI policy draft will be published in three months.
- The proposal intends to improve AI-based governance, data security, and new employment in advanced technologies.
Strategic MoUs
The remaining 54 signed MOUs are solely aimed at investments through the seven umbrella MoUs that have been classified as strategic and are meant for knowledge transfer and technology investment into the state of Maharashtra.
- To achieve sustainable development and smart city planning, the government intends to partner with foreign countries to facilitate rapid growth.
- Maharashtra CM Devendra Fadnavis held talks with top players such as Hyundai Motors and DP World
Global Recognition
Maharashtra’s global reputation is expected to outshine with the economic development sentiments impressed by the Global Value Chains Outlook 2025 prepared by Davos Invitation.
- Fadnavis met with British Ex-PM Tony Blair along with others to discuss solutions for the energy and transportation sectors.
- Global healthcare manufacturing company The Lonza Group showed interest in putting money into the herbal medicine industry in Maharashtra.
Conclusion
There is no doubt that the state of Maharashtra is now a champion of enticing investments and providing employment opportunities after this astounding achievement at the World Economic Forum 2025 in Davos. With an investment amounting to ₹15.7 lakh crore and generating 15.95 lakh job opportunities, the state is furthering India’s economic growth. The state has set an example for other states to follow and has sought new heights.
