Rs 15.70 Lakh Crore Investment Through 54 MoUs, Maharashtra’s highest-ever deals at Davos 

Davos, 22nd January 2025: History was made at the World Economic Forum in Davos, with Maharashtra, under the leadership of Chief Minister Devendra Fadnavis, signing a total of 54 MoUs worth ₹15.70 lakh crore by the second day of the event. This is expected to generate 15.95 lakh jobs.

The largest investment among today’s MoUs was from the Reliance Group, which will invest ₹3.05 lakh crore across sectors like petrochemicals, polyester, renewable energy, bioenergy, green hydrogen, green chemicals, industrial development, retail, data centers, telecommunications, hospitality, and real estate. This single agreement is expected to generate 3 lakh jobs. Chief Minister Devendra Fadnavis mentioned that the agreement with Reliance, which includes significant investment in the service sector, will contribute significantly to job creation. Anant Ambani of Reliance Group stated that this investment is part of their vision to make Maharashtra the first state with a $1 trillion economy, a goal the government is committed to achieving under the leadership of Prime Minister Narendra Modi.

Another major investment is from Amazon, which will invest ₹71,795 crore in data centers in the Mumbai Metropolitan Region (MMR). This investment will create 83,100 jobs. Over the past two days, MoUs have been signed with investments across all regions of the state, aiming for balanced development. Of these total agreements, the Industrial Department has signed agreements worth ₹11.71 crore, the MMRDA has signed deals worth ₹3.44 lakh crore, and CIDCO has signed agreements worth ₹55,200 crore.

Meanwhile, Chief Minister Devendra Fadnavis met former British Prime Minister Tony Blair during the World Economic Forum. The discussion focused on energy and public transportation. Tony Blair expressed his intention to visit India soon. In addition, Chief Minister Fadnavis also met Hyundai Motors’ Executive Vice President Bum Kim, and Sultan Ahmed Bin Sulayem, President of DP World, along with Rizwan Somar, the Managing Director and CEO of DP World India. They discussed potential cooperation in Maharashtra in sectors like industrial parks and logistics.

Here is the detailed list of Memorandum of Understanding (MoU) agreements:

1. CEAT

• Sector: Automobile, EV
• Investment: ₹500 Crore
• Employment: 500
• Location: Nagpur

1. VIT Semicons

• Sector: Electronics
• Investment: ₹24,437 Crore
• Employment: 33,600
• Location: Ratnagiri

1. Tata Group

• Sector: Diversified sectors
• Investment: ₹30,000 Crore
• Employment: (Employment numbers not provided)

1. Rural Enhancers

• Sector: Healthcare and Social Sector Investment
• Investment: ₹10,000 Crore
• Employment: (Employment numbers not provided)

1. PowerIn Energy

• Sector: Green Energy
• Investment: ₹15,299 Crore
• Employment: 4000

1. Open Origin India Industries

• Sector: Green Energy
• Investment: ₹15,000 Crore
• Employment: 1000

1. United Phosphorus Ltd.

• Sector: Green Energy
• Investment: ₹6,500 Crore
• Employment: 1300

1. eLearning Solutions

• Sector: Education
• Investment: ₹20,000 Crore
• Employment: 20,000

1. Electra EV

• Sector: Automobile, EV
• Investment: ₹3000 Crore
• Employment: 1000

1. Fuel

• Sector: SkillTech University in Pune
• Investment: (Specific investment amount not provided)
• Employment: 5000 youth to be trained in AI, Digital Marketing, and Business Analytics

These agreements will contribute significantly to the development of various sectors in Maharashtra, fostering both investment and employment opportunities.

As of 21st January

• Total Investment: ₹6,25,457 Crore
• Total Employment: 1,53,635

MoUs signed on 22nd January:

1. Reliance Industries Ltd.

• Sector: Petrochemicals, Polyester, Renewable Energy, Bioenergy, Green Hydrogen, Green Chemicals, Industrial Development, Retail, Data Centers, Telecommunications, Hospitality, and Real Estate
• Investment: ₹3,05,000 Crore
• Employment: 3,00,000

1. Gritta Energy

• Sector: Steel and Metals
• Investment: ₹10,319 Crore
• Employment: 3,200
• Location: Chandrapur

1. Vardhan Lithium

• Sector: Electronics (Lithium Refinery, Lithium Battery)
• Investment: ₹42,535 Crore
• Employment: 5,000
• Location: Nagpur

1. Indorama

• Sector: Textile Industry
• Investment: ₹21,000 Crore
• Employment: 1,000
• Location: Raigad

1. Indorama

• Sector: Technical Textiles
• Investment: ₹10,200 Crore
• Employment: 3,000
• Location: Raigad

1. Sotefin India

• Sector: Infrastructure
• Investment: ₹8,641 Crore
• Location: MMR

1. Blackstone

• Sector: Infrastructure
• Investment: ₹43,000 Crore
• Location: MMR

1. Ceylon Beverages

• Sector: Food and Beverages
• Investment: ₹1,039 Crore
• Employment: 450
• Location: Ahilyanagar

1. Larsen and Toubro Ltd.

• Sector: Defense Production
• Investment: ₹10,000 Crore
• Employment: 2,500
• Location: Talegaon

1. Nelson Media Pvt. Ltd.

• Sector: IT
• Investment: ₹450 Crore
• Employment: 1,100
• Location: MMR

1. Economic Explosives Ltd.

• Sector: Space and Defense
• Investment: ₹12,780 Crore
• Employment: 2,325
• Location: Nagpur

1. MSN Holdings Ltd.

• Sector: Solar
• Investment: ₹14,652 Crore
• Employment: 8,760
• Location: Nagpur

1. Priyam Solutions Pvt. Ltd.

• Sector: Drone Manufacturing
• Investment: ₹300 Crore
• Employment: 300
• Location: Jalna

1. Renaissance Solar & Electronic Materials

• Sector: Green Energy
• Investment: ₹5,000 Crore
• Employment: 1,300
• Location: Vidarbha, Marathwada, or North Maharashtra

1. Hazero Industries

• Sector: Green Energy
• Investment: ₹16,000 Crore (Two projects)
• Employment: 10,000
• Location: Butibori

1. Toral India

• Sector: Aluminium and Metals
• Investment: ₹500 Crore
• Employment: 1,200
• Location: Ahilyanagar

1. Temasek Capital Management

• Sector: Infrastructure
• Investment: ₹43,000 Crore
• Location: MMR

1. Hiranandani Group

• Sector: Infrastructure
• Investment: ₹51,600 Crore
• Location: MMR

1. Everstone Group

• Sector: Infrastructure
• Investment: ₹8,600 Crore
• Location: MMR

1. Amazon

• Sector: Data Centers
• Investment: ₹71,795 Crore
• Employment: 83,100
• Location: MMR

1. University of Birmingham

• Sector: Infrastructure, especially Sustainable Transport Infrastructure
• Location: MMR

1. MTC Group

• Sector: Infrastructure, especially Circular Economy Park
• Location: MMR

1. Crossrail International

• Sector: Infrastructure, especially Transport Infrastructure
• Location: MMR

By 22nd January:

• Total Investment: ₹15.70 Lakh Crore
• Total Employment: 15.75 Lakh