Devendra Fadnavis said investments have been secured from 18 countries, including the United States, the United Kingdom, Singapore, Japan, Switzerland, Sweden, the Netherlands, Norway, Italy, Germany, France, Austria, the UAE, Spain, Canada and Belgium
Maharashtra Chief Minister Devendra Fadnavis. Pic/X
Maharashtra Chief Minister Devendra Fadnavis on Thursday said that 83 per cent of the memoranda of understanding (MoUs) signed at the Davos Summit 2026 involve direct foreign investments, while 16 per cent pertain to foreign technology collaborations, reported news agency ANI.
Investments secured from 18 countries across sectors
He said investments have been secured from 18 countries, including the United States, the United Kingdom, Singapore, Japan, Switzerland, Sweden, the Netherlands, Norway, Italy, Germany, France, Austria, the UAE, Spain, Canada and Belgium, reported ANI.
According to the Maharashtra Chief Minister, the proposed investments span industrial, services, agriculture and technology sectors. He added that Maharashtra has consistently achieved a 75 per cent MoU conversion rate, with last year’s agreements implemented at a similar pace, reported ANI.
Global firms sign MoUs, investments to roll out over 3–7 years
Fadnavis noted that most investments are expected to materialise over a period of three to seven years. MoUs have been signed with leading global and Indian firms such as SBG, Brookfield, ArcelorMittal, Fineman Global, Essar, Skoda Auto, Volkswagen, STT Telemedia, Tata Group, Adani Group, Reliance, JBL, Coca-Cola, Bosch, CapitaLand and Iron Mountain. While some of these are Indian companies, he said they operate and invest across more than 165 countries worldwide, reported ANI.
High-growth sectors identified for future investments
Key focus sectors for these investments include quantum computing, artificial intelligence, global capability centres, data centres, healthcare, food processing, green steel, urban development, shipbuilding, fintech, logistics and digital infrastructure.
Innovation City near Mumbai planned with Tata Group
The Chief Minister also announced that Maharashtra will develop India’s first Innovation City near Mumbai in partnership with the Tata Group. Detailed planning for the project is expected to be completed within six to eight months. Discussions on the concept began at last year’s Davos, followed by further consultations with Tata Sons Chairman N. Chandrasekaran. The Tata Group is expected to invest over Rs 1 lakh crore in the project, along with participation from several international investors, reported ANI.
In addition, a comprehensive circular economy model will be implemented in Mumbai to address water, air and waste management challenges. All categories of waste will be scientifically processed, with visible impact anticipated within two to three years before the model is extended to other major cities.
Raigad-Pen Growth Centre to emerge as business hub
Fadnavis further announced the Raigad-Pen Growth Centre, which is set to be developed as a major business district. Investments worth Rs 1 lakh crore have already been secured for the project, reported ANI.
(With inputs from ANI)
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