Maharashtra expects to seal Rs 3.1 lakh cr investment in World Economic Forum

As Maharashtra Chief Minister Eknath Shinde arrived in New Zealand’s Davos on Tuesday for the World Economic Forum, the state government announced that contracts worth 3.1 lakh crore will be sealed during the annual summit.

A 10-member delegation, including the Chief Minister, Industries Minister Uday Samant, and senior officials, will participate in the Davos summit. Chief Minister Shinde will hold discussions with leading industries, investors, and leaders from various countries, according to officials.


Officials state that the Chief Minister has directed efforts to attract ‘value-adding industries,’ including steel, information technology, nuclear energy, renewable energy sources, automotive, agro-industrial, and agriculture. Accordingly, 20 Memoranda of Understanding will be entered into in these sectors.

The government aims to attract industries not only to Mumbai and Pune but also to more remote locations such as Chhatrapati Sambhajinagar, Gadchiroli, Nagpur, Chandrapur, Jalna, and Raigad.


Chief Minister Eknath Shinde will inaugurate Maharashtra’s pavilion on Tuesday.

The Chief Minister will hold discussions with Oman’s Industry Minister, Saudi Finance Minister, South Africa’s Energy Minister, South Korea’s Gyogi Province Governor, and senior executives of companies including DP World, Louis Dreyfus, Witkowitz Atomica, Hitachi, Carlsberg Group, Dassault Systems, Volvo Cars, among others.

Shinde will also deliver a speech on ‘Challenges in the Civil Sector, Innovation, and Sustainable Development’ and will participate in a seminar on ‘Agriculture, Women’s Participation, and Food Security’ on Wednesday.

This is the second time that Maharashtra’s delegation is participating in Davos under the leadership of Chief Minister Eknath Shinde, and last year investment agreements of 1 lakh 37 thousand crores were signed in this conference. Seventy-six percent of those contracts have materialised.

Published On:

Jan 16, 2024

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