Maharashtra Signs Rs 1.37 Lakh Cr MoUs in the Fields of RE, EV, Hi-tech Infra at WEF in Davos


Maharashtra Chief Minister Eknath Shinde on Wednesday said Memorandums of Understanding (MoU) worth Rs 1.37 lakh crore have been signed at the World Economic Forum (WEF) annual meeting in Davos in Switzerland. He termed it as a “big achievement”.


In an interview with PTI, Mr. Shinde stated that he had met many potential investors within two days and they showed keen interest in investing in the state. He also said that they plan to visit Mumbai immediately to implement their plans.


The MoUs have been signed in the fields of hi-tech infrastructure, renewable energy, electric vehicles, steel manufacturing and agro food processing, Shinde told reporters after returning to Mumbai on Wednesday. This will generate employment for one lakh people, he added.


Shinde said, “MoUs worth Rs 1.37 lakh crore have been signed. This is satisfactory and a big achievement. Ours is the government of the common man. The industrial policy which envisages single-window clearance, capital subsidy, GST subsidy will attract huge investment in the state.”

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The CM said MoUs worth Rs 54,276 crore were signed in the hi-tech and infrastructure sectors which will provide jobs to 4,300 people, agreements worth Rs 32,414 crore were inked in IT and fintech sectors which will generate employment for 8,700 people, while pacts worth Rs 46,000 crore were inked in renewable energy and electric vehicle sectors which will provide employment to 4,500 people.

Besides, investment commitments worth Rs 2,200 crore were signed in steel manufacturing sector and pacts worth Rs 1,900 crore were made in agro and food processing sector, he said.

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