Industries Minister Uday Samant declared in the Legislative Assembly that Maharashtra remains a top investment hub in India. During the 2026 World Economic Forum in Davos, the state secured Memorandums of Understanding (MoUs) exceeding Rs 31 lakh crore. Maharashtra has sustained its position as the leading recipient of Foreign Direct Investment (FDI) for three consecutive years, attributed to its strong industrial ecosystem and proactive policies.
The Minister disclosed plans to publish a saffron paper detailing the current status of MoU implementation. Notably, investments span beyond the Maharashtra Industrial Development Corporation (MIDC) to various key departments. Among the MoUs, the Industries Department accounts for Rs 15.15 lakh crore, the Mumbai Metropolitan Region Development Authority for Rs 15.10 lakh crore, and the Maharashtra State Road Development Corporation for Rs 1 lakh crore.
Emphasizing Maharashtra’s high project conversion rate, Minister Samant highlighted a remarkable 75-80% implementation rate since 2022, surpassing other states. These agreements are expected to drive substantial job creation and industrial expansion. The government is also formulating a policy for slum rehabilitation on MIDC land, aiming to provide permanent housing to long-term residents.
Furthermore, the Industries Department is dedicated to promoting balanced regional development by establishing new MIDC areas and enhancing employment opportunities statewide. Addressing infrastructure concerns in Mumbai, Minister Samant assured the effective utilization of Brihanmumbai Municipal Corporation’s fixed deposits for development projects. Notably, significant progress has been made on road construction, with 1,048 roads covering 278.83 km completed.
In response to irregularities totaling Rs 65 crore, the government has taken stringent actions, including the cancellation and re-invitation of tenders worth Rs 380 crore to ensure transparency.
