Maharashtra was a magnet for fresh investment MoUs at Davos
Mint Mumbai|January 23, 2023
A clutch of deals across various sectors signed with companies could help make the state a manufacturing hub for the world
EKNATH SHINDE
Maharashtra was a magnet for fresh investment MoUs at Davos

In less than 7 months since our government took over in Maharashtra, we are on the road to delivering on our promise of making the state India's first $1 trillion economy, towards the country's goal of achieving a GDP of $5 trillion. We successfully signed investment deals for Maharashtra worth 1.4 trillion at the World Economic Forum (WEF) 2023 in Davos.

It was a privilege to represent my state and the country at the WEF. The Memorandums of Understanding (MoUs) we signed at Davos show that Maharashtra is among the preferred states for global investments. It validates our confidence in the path we have adopted for rapid economic development. Signed with 19 companies, these MoUs are expected to generate quality employment for over 100,000 people.

Some of the key companies that inked investment intentions are Berkshire Hathaway, Nipro Pharma Packaging, Owens Corning, Greenko Energy, Mahindra Automotive, Triton Electric Vehicles, Gogoro, NTT, Rajuri Steels & Alloys, Nikkari Corp and New Era Clean Tech. These deals encompass a wide range of sectors, including infrastructure, renewable energy, information technology, fintech, steel manufacturing, agriculture and food processing. These investments are spread across the state's geography in line with our focus on balanced regional development. Being capitalintensive commitments, these partnerships have high potential for multiplier effect on the state's economy through generation of employment.

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