Maharashtra Chief Minister Devendra Fadnavis said global partnerships and trade agreements are crucial for the state, as they help attract new factories and business opportunities, keeping Maharashtra at the forefront of India’s economic growth
Maharashtra Chief Minister Devendra Fadnavis. Pic/X
Maharashtra is poised for a fresh push in industrial growth following a series of international trade discussions held on the sidelines of the World Economic Forum on Wednesday (IST), reported news agency ANI.
Maharashtra Chief Minister Devendra Fadnavis said global partnerships and trade agreements are crucial for the state, as they help attract new factories and business opportunities, keeping Maharashtra at the forefront of India’s economic growth. He noted that the state has already emerged as a preferred destination for large-scale energy investments, including a recently announced lithium refinery.
Explaining Maharashtra’s strategic advantage, Fadnavis said the arrival of the lithium refinery and other investments underscores the benefits of international cooperation. “Any bilateral agreement is beneficial to a state like Maharashtra, which has always been a growth engine of the Indian economy. Bilateral tie-ups and free trade agreements are always very beneficial for Maharashtra,” he said, reported ANI.
The Chief Minister also announced a new initiative to leverage advanced medical technology to make healthcare more affordable and accessible across the state. Speaking at a special session in Switzerland, he said the Maharashtra government held discussions with global medical technology companies on deploying modern equipment and digital health solutions to reduce treatment costs for the common citizen.
"Davos is essential for staying relevant in today's geopolitics": Fadnavis on adapting to new technology
Meanwhile, Maharashtra Chief Minister Devendra Fadnavis on Wednesday (Indian Standard Time) said the Davos summit plays a crucial role in helping India keep pace with global shifts in geopolitics, innovation and technology. He noted that participation in such international platforms allows states to understand emerging business trends, attract investment and adopt modern processes back home, reported ANI.
Emphasising the value of engagement at Davos, Fadnavis said India’s presence at the forum has been “very effectively registered,” with participation from ten states reflecting the spirit of cooperative and competitive federalism promoted by Prime Minister Narendra Modi. “We are all here representing ourselves in that spirit. Davos is essential for staying relevant in today’s geopolitics and connected economy. If you want to remain relevant, you have to come here,” he said.
The Chief Minister added that Davos offers a unique opportunity for governments and businesses to interact, learn about innovation, technology and evolving business processes, and understand how the global economy is changing. “When businesses connect, there are clear benefits. Investments also follow. This time, Maharashtra has focused on large-scale strategic collaborations,” he said, reported ANI.
The 56th Annual Meeting of the World Economic Forum is being held from January 19 to 23, 2026, at Davos-Klosters. The event has drawn nearly 3,000 participants from more than 130 countries, including a record number of world leaders, CEOs, innovators and policymakers, under the theme “A Spirit of Dialogue.” Leaders from government, business, civil society and academia are expected to deliberate on pressing global challenges and set future priorities, underscoring the call for bold collective action.
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