The World Economic Forum’s annual summit is underway at Davos, and Maharashtra’s minister for tourism and environment, Aaditya Thackeray, is pitching the state, and it is believed that a total of $4 billion in investments has been signed.
He has said that all parties had put their rivalries behind and were representing India on behalf of their state governments at the global event.
“Here we are all Indians. This is for our country,” he said.
Maharashtra, India’s largest state in terms of GDP and home to the country’s financial capital Mumbai, on Monday signed 23 Memorandums of Understanding (MoUs) with companies, including investments in sectors such as pharmaceuticals and medical device, it, data centres, textiles, food processing, packaging, paper & pulp, steel, etc. A total of $4 billion (Rs 30,379 crore) in investments were signed at the MoU ceremony held in the Maharashtra Pavilion at Davos, according to an official statement.
These investments will potentially generate more than 66,000 jobs, it added.
picture credits @Ksareen30
Of these, over 55 per cent investments are Foreign Direct Investments (FDI) from countries such as Singapore, Indonesia, USA, and Japan, it stated in the 10th edition of its Magnetic Maharashtra 2.0 program.
The program, conceptualized under the leadership of chief minister Uddhav Thackeray for “strengthening the resilience of the state’s economy,” has till date has signed 121 MoUs, bringing the total investment in the state to Rs 2.2 lakh crore ($29 billion) “with a potential to generate almost 400,000 jobs.”
In the previous 9 editions, in last 2 years, 98 MoUs were signed which are now at various stages of implementation. Additionally, in last two years from October 2019 to December 2021 Maharashtra received 26 per cent of total FDI, which was the highest in India.
Aditya Thackeray also shared a picture with Sadhguru where he mentioned they both discussed cities and sustainable development. It’s really great to see him represent Maharashtra, India at such a prestigious world forum and do something for the country.
Surjitt Sahani
