Chief Minister Devendra Fadnavis revealed that the Maharashtra government has inked MoUs for investment proposals totaling Rs 30 lakh crore during the World Economic Forum (WEF) summit. Additionally, discussions have commenced for investments ranging from Rs 7 to 10 lakh crore, with MoUs expected to be signed in the coming months. These investments span various sectors including industry, services, technology, healthcare, renewable energy, and more.
Fadnavis stated that a significant portion of these investments, 83%, constitutes foreign direct investment, with 16% involving foreign entities and technology. The MoUs originate from companies across 18 countries, such as the US, UK, Switzerland, and Singapore. Geographically, 16% of the investment is proposed in Konkan, 22% in MMR, 13% in Vidarbha, and the remaining 50% in other parts of Maharashtra.
In specific regions, North Maharashtra is set to receive substantial investments, with amounts allocated to cities like Nashik, Jalgaon, and Nagpur. Notably, Chhatrapati Sambhajinagar in Marathwada is attracting investments, with plans for new cities and industrial hubs in the pipeline. The government had previously secured investment proposals worth Rs 15.75 lakh crore during the previous WEF summit.
Fadnavis emphasized that a significant portion of these announcements has materialized into actual projects, with around 75% progressing towards fruition. He highlighted that serious investors undertake necessary steps like land acquisition, approvals, and financial closures to advance their investments. The Chief Minister also mentioned the development of new cities, including an innovation city near Mumbai and the Raigad Pen Growth Centre, which aims to become a technology and fintech hub.
