Day 1 (January 21, 2025)
Chief Minister Devendra Fadnavis’ anticipation and confidence about signing a good amount of investment for Maharashtra from the Davos summit came true. On the first day of the Davos World Economic Forum 2025, held in the month of January, Maharashtra bagged 31 new investment projects worth ₹625,457 crore. This has created a new record in the history of Maharashtra’s investment influx, as the state has never seen such a large number of investment agreements signed on a single day before. These investments are expected to generate approximately 95,000 jobs. The agreement with JSW Group, worth approximately ₹3 lakh crore, is particularly significant. This agreement encompasses projects in steel, renewable energy, electric vehicles, solar power, cement, and infrastructure. The steel project will be located in Gadchiroli; it will play a crucial role in the overall development of the district.
Chief Minister Devendra Fadnavis is on a four-day visit to Davos. This visit is proving to be extremely profitable for Maharashtra. Companies from various sectors across the world come to Davos to explore business opportunities. All states and countries vie to offer them the best possible facilities. Maharashtra under the dynamic CM Devendra Fadnavis presents a very competitive and favourable environment to the industrialists, which was evident from the ₹6 lakh crore investment agreements signed on the very first day of this year’s Davos summit (Davos Investments in Maharashtra). Maharashtra has always been an economic growth center, but now with a stable and forward-looking government in control, the investors’ confidence in the state has multiplied many times. The development man Devendra Fadnavis’s vision is to attract more investment for greater development, and he is constantly striving to achieve it.
Maharashtra’s investment basket was filled with 31 significant investments on the very first day of the Davos World Economic Forum 2025. This includes a Rs. 5,200 crore investment agreement with the Kalyani Group for projects in the defence sector, steel, and electric vehicle sectors. This agreement will create 4,000 jobs. Reliance Group has also signed a Rs. 16,500 crore investment agreement for a defence equipment project in Ratnagiri, which will generate 2,450 employment opportunities. Similarly, agreements have been signed with companies such as Balasore Alloys Limited, Viraj Profiles Private Limited, AB InBev, Wari Energy, Tembo, Elmont, Blackstone & Panchshil Realty, Avni Power Batteries, Genusol, Bisleri International, H2E Power, ZR2, Blue Energy Motors, Essar, BookMyShow, Welspun, Tata Group, Ceat, Rural Enhancer, Powerin Energy, Open Origin India Inc., United Phosphorus Limited, E-Learning Solutions, and Olectra EV. These agreements cover sectors such as green hydrogen, IT, electronics, automobiles, logistics, green energy, education, and entertainment.
Davos World Economic Forum Day 1 (January 21, 2025)
Agreement 1
Government of Maharashtra and Kalyani Group
Total investment – ₹5,250 crore
Employment – 4,000
Sectors – Defense, Steel, and Electric Vehicles
Agreement 2
Government of Maharashtra and Reliance Infrastructure Limited
Total investment – ₹16,500 crore
Employment – 2,450
Sector – Defense
Agreement 3
Government of Maharashtra and Balasore Alloy Limited
Total investment – ₹17,000 crore
Employment – 3,200
Sectors – Steel and Metals
Agreement 4
Government of Maharashtra and Viraj Profiles Private Limited
Total Investment – ₹12,000 crore
Employment – ₹3,500
Sector – Steel & Metals
Agreement 5
Government of Maharashtra and AB InBev
Total Investment – ₹750 crore
Employment – Not yet clear
Sector – Food & Beverage
Agreement 6
Government of Maharashtra and JSW Group
Total Investment – ₹3,00,000 crore
Employment – 10,000
Sectors – Steel, Renewable Energy, Infrastructure and Cement, Lithium-Ion Batteries, Solar Wafers and Cell Modules
Agreement 7
Government of Maharashtra and Waari Energy
Total Investment – ₹30,000 Crore
Employment – 7,500
Sector – Green Energy, Solar Components
Agreement 8
Government of Maharashtra and Tembo
Total Investment – ₹1,000 Crore
Employment – 300
Sector – Defence
Agreement 9
Government of Maharashtra and EI Mont
Total Investment – ₹2,000 crore
Employment – 5,000
Sector – Infrastructure
Agreement 10
Government of Maharashtra (CIDCO) and Blackstone-Panchshil Realty
Total Investment – ₹25,000 crore
Employment – 500
Sector – Data Center
Agreement 11
Government of Maharashtra and Blackstone-Panchshil Realty
Total Investment – ₹25,000 crore
Employment – 1,000
Sector – IT & IT
Agreement 12
Government of Maharashtra and VIT Semicons
Total Investment – ₹24,437 crore
Employment – 33,600
Sector – Electronics
Agreement 13
Government of Maharashtra and Gensol
Total Investment – ₹4,000 crore
Employment – 500
Sector – Electronics
Agreement 14
Government of Maharashtra and Anvi Power Batteries
Total Investment – ₹10,521 crore
Employment – 5,000
Sector – Electronics
Agreement 15
Government of Maharashtra and Bisleri International
Total Investment – ₹250 crore
Employment – 600
Sector – Food & Beverage
Agreement 16
Government of Maharashtra and H2E Power
Total Investment – ₹10,750 crore
Employment – 1,850
Sector – Green Energy
Agreement 17
Government of Maharashtra and ZR2 Group
Total Investment – ₹17,500 crore
Employment – 23,000
Sector – Green Hydrogen and Chemicals
Agreement 18
Government of Maharashtra and Blue Energy Motors
Total Investment – ₹3,500 crore
Employment – 4,000
Sector – Automotive and EVs
Agreement 19
Government of Maharashtra and ISSAAR + Blue Energy (Joint Venture)
Total Investment – ₹8,000 crore
Employment – ₹2,000
Sector – Green Energy
Agreement 20
Government of Maharashtra (CIDCO) and BookMyShow
Total Investment – ₹1,700 crore
Employment – ₹500
Sector – Outdoor Entertainment Arena
Agreement 21
Government of Maharashtra (CIDCO) and Welspun World
Total Investment – ₹8,500 crore
Employment – 17,300
Sector – Logistics
Agreement 22
Government of Maharashtra and Tata Group
Total Investment – ₹30,000 crore
Employment – No data available
Sector – Various sectors
Agreement 23
Government of Maharashtra and CEAT
Total investment – ₹500 crore
Employment – 500
Sector – Automotive and EVs
Agreement 24
Government of Maharashtra and Rural Enhancer
Total investment – ₹10,000 crore
Employment – Not available
Sector – Various sectors
Agreement 25
Government of Maharashtra and Power In Energy
Total Investment – ₹15,299 crore
Employment – 4,000
Sector – Green Energy
Agreement 26
Government of Maharashtra and Open Origin India Inc.
Total Investment – ₹15,000 crore
Employment – 1,000
Sector – Green Energy
Agreement 27
Government of Maharashtra and United Phosphorus Limited
Total Investment – ₹6,500 crore
Employment – 1,300
Sector – Green Energy
Agreement 28
Maharashtra Government and Erulearning Solutions
Total Investment – ₹20,000 crore
Employment – ₹20,000
Sector – Education
Agreement 29
Maharashtra Government and Olectra EV
Total Investment – ₹3,000 crore
Employment – ₹1,000
Sector – Automotive and EV
Agreement 30
Maharashtra Government and Fuel
Total Investment – No information available
Employment – No information available.
Sector – Skills Education
Davos World Economic Forum, Day 2 (22 January 2025)
Davos forum dominated by Maharashtra: contracts worth Rs 15.70 lakh crore and 1.5 million jobs
After the historic first day, the investment flow towards Maharashtra continued through day 2 in the Davos Economic Forum, with a total of 22 MoUs, worth approximately Rs 944,543 crore, signed on that day. In just two days, Maharashtra signed 54 MoUs worth nearly 16 lakh crore investments! The highest investment in this lot, which is also the largest in the state till date, has been from Vikram Solar in the renewable energy sector. The Rs 1570,000 crore investment by Vikram Solar will create over 1.5 million jobs. Another significant MoU on the second day was the one made with the Reliance Group. This Rs 350,000 crore deal will likely create 300,000 jobs.
Chief Minister Devendra Fadnavis is currently visiting the World Economic Forum Annual Meeting in Davos. Before leaving, he assured that the tour will bring huge investment to Maharashtra. Making his prediction true, the very first day (January 21) of the meeting saw a total of 31 investment agreements signed for an estimated investment of Rs 6,25,457 crore in the state. This was the largest number of MoUs ever signed in a single day by the Government of Maharashtra. These MOUs include projects in sectors like solar energy, cement, electric vehicles, infrastructure, education, IT, steel, and renewable energy and its conservation. The agreement signed with JSW Group on Tuesday (January 21) is a crucial one, as this will inject investment worth approximately ₹ 3 lakh crore in various projects and services across Maharashtra.
The new investment agreements signed with Maharashtra at the global economic forum in Davos will contribute to the development of the country. The agreement with the Reliance group for example, will bring projects in high-potential sectors like petrochemicals, polyester, renewable energy, bioenergy, green hydrogen, green chemicals, industrial development, data centres, telecommunications, and real estate, which will boost the economy and create lakhs of jobs in the state. Along with Reliance, Amazon also made big investments the other day. The deal with Amazon is worth ₹71,795 crore. The company will set up data centres in the MMR region with approximately 83,100 jobs in the state.
Chief Minister Devendra Fadnavis’s discussion with Tony Blair
Chief Minister Devendra Fadnavis met British Prime Minister Tony Blair at the World Economic Forum. Both the leaders had a detailed discussion regarding energy and public transport. At this time Tony Blair expressed his desire to visit India soon. Meanwhile, Hyundai Motors Executive Vice President Bam Kim, DP World President Sultan Ahmed Bin Sulem, the company’s India CEO Rizwan Somar met Chief Minister Devendra Fadnavis. During these meetings he discussed about cooperation in industrial park and logistics sector in Maharashtra.
Agreement 32
Government of Maharashtra and Reliance Industries Limited
Total Investment – Rs 3,05,000 Crores
Employment – 3,00,000
Sectors – Petrochemicals, Polyester, Renewable Energy, Bio Energy, Green Hydrogen, Green Chemicals, Industry Development, Retailing, Data Centre, Telecommunications and Real Estate.
Agreement 33
Government of Maharashtra and Vardhan Lithium
Total investment – 42,535 crores
Employment – 5,000
Sector – Electronics
Agreement 34
Government of Maharashtra and Greta Energy
Total investment – 10,319 crores
Employment – 7,000
Sector – Steel and Metal
Agreement 35
Government of Maharashtra and Blackstone
Total investment – 43,000 crores
Employment – No information available
Sector – Infrastructure
Agreement 36
Government of Maharashtra and Indorama
Total Investment – Rs 31,200 Crore
Employment – 4,000
Sector – Textile
Agreement 37
Government of Maharashtra and L&T Defence
Total Investment – Rs 10,000 Crores
Employment – 2,500
Sector – Defence
Agreement 38
Government of Maharashtra and Renaissance Solar and Electronic Materials
Total Investment – Rs 5,000 Crores
Employment – 1,300
Sector – Green Energy
Agreement 39
Government of Maharashtra and Ceylon Beverages
Total Investment – Rs 1,039 Crores
Employment – 450
Sector – F& B
Agreement 40
Government of Maharashtra and Toral India
Total Investment – Rs. 500 Crores
Employment – 1,200
Sector – Steel and Metals
Agreement 41
Government of Maharashtra and Nielsen Media India Private Limited
Total Investment – Rs. 450 Crores
Employment – 1,100
Sector – IT and ITs
Agreement 42
Government of Maharashtra and MSN Holdings
Total Investment – Rs. 14,652 Crores
Employment – 8,760
Sector – Solar
Agreement 43
Government of Maharashtra and HiZero Inc
Total Investment – Rs 16,000 Crores
Employment – 10,000
Sector – Green Energy
Agreement 44
Government of Maharashtra and PRYM Solutions Private Limited
Total Investment – Rs 300 Crores
Employment – 300
Sector – Drone Manufacturing
Agreement 45
Government of Maharashtra and Hiranandani Group
Total Investment – Rs 51,600 Crores
Employment – No definite information available
Sector – Infrastructure
Agreement 46
Government of Maharashtra and Sotefin Bharat Private Limited
Total Investment – 8,641 Crores
Employment – No specific information available
Sector – Infrastructure
Agreement 47
Government of Maharashtra and Everstone
Total Investment – 8,600 Crores
Employment – No specific information available
Sector – Infrastructure
Agreement 48
Government of Maharashtra and Economic Explosive Solar Defense
Total Investment – 12,780 Crores
Employment – 2325
Sector – Aerospace and Defence
Agreement 49
Government of Maharashtra and Amazon (AWS)
Total Investment – Rs 71,795 crore
Employment – 83,100
Sector – Data Centre
Agreement 50
Government of Maharashtra and Gurukul
Total Investment – Rs 500 crore
Employment – No information available
Sector – Cyber Security
Agreement 51
Government of Maharashtra and Temasek Capital
Total Investment – Rs 43,000 Crore
Employment – No Information Available
Sector – Infrastructure
Agreement 52
Government of Maharashtra and Sumitomo Realty
Total Investment – Rs 43,000 Crore
Employment – No Information Available
Sector – Infrastructure
Agreement 53
Government of Maharashtra and K Raheja Corporation Private Limited
Total Investment – Rs 43,000 Crore
Employment – No Information Available
Sector – Infrastructure
Agreement 54
Government of Maharashtra and Brookfield
Total Investment – Rs 1,03,200 Crore
Employment – No Information Available
Sector – Infrastructure
Davos World Economic Forum Day 3 (January 23, 2025)
Agreement 55
Government of Maharashtra and Fluid Control
Total Investment – Rs 425 Crore
Employment – 100
Agreement 56
Government of Maharashtra and Accolade Electronics
Total Investment – Rs 170 Crore
Employment – 1500
Agreement 57
Government of Maharashtra and Skyroot
Total Investment – Rs 500 crore
Employment – 800
Agreement 58
Government of Maharashtra and Regreen
Total Investment – Rs 1504 crore
Employment – 800
Agreement 59
Government of Maharashtra and Ronnie Screwvala
Total Investment – Rs 100 crore
Employment – No information available
Agreement 60
Government of Maharashtra (MMRDA) and MTC Group
Total Investment – Rs 1000 crore
Employment – 1000
Sector – Infrastructure
Maharashtra under Chief Minister Devendra Fadnavis made a good use of Davos!
Under the leadership of Prime Minister Narendra Modi, the heads of 6 Indian states came to Davos for investment. Maharashtra has signed the highest number of MoUs worth Rs 15.70 lakh crore. A total of 61 types of agreements were signed in this 4-day conference. Out of these, 54 agreements were investment and 7 agreements were in the strategic category. Through strategic agreements, although the companies will not invest in industries, they will help with knowledge sharing and guidance in setting up various projects in Maharashtra. About 98 percent of the investment signed has been made through the FDI component. Such investments are helping to bring about a big change in the economy of the state and the country as a whole. After the Mahayuti government came to power in the state in 2022, most of the agreements signed in Davos last year have been implemented.
This flurry of agreements worth Rs 15.70 lakh crore signed in Davos will create almost 16 lakh jobs across different sectors but mostly in steel, IT, green energy, infrastructure etc. Also very importantly, the projects will be located in different parts of the state. Of the total investment,
6 to 7 lakh crores will be invested in MMRDA region, 5 lakh crores in Vidarbha, 30 to 35 thousand crores in North Maharashtra, Nashik and 25 to 30 thousand crores in Marathwada region. With this historic feat, Maharashtra’s dominance over other states in terms of industrialization has been established once again. Along with the MoU signing occasions, Chief Minister Devendra Fadnavis took part in various other discussions at the Davos meet, representing Maharashtra and India.