The Government of Maharashtra has signed a landmark memorandum of understanding with Lodha Developers Ltd at the World Economic Forum 2026 in Davos, reinforcing the state’s ambition to emerge as a leading digital and technology hub.

The agreement, valued at Rs 1,000 billion, was formalised in the presence of Chief Minister Devendra Fadnavis and Abhishek Lodha, Managing Director and Chief Executive Officer of Lodha Group, during a session at the Maharashtra Pavilion. The investment is targeted at the information technology and IT-enabled services sector, with a strong focus on the development of large-scale data centres.

These state-of-the-art facilities are planned within the Mumbai Metropolitan Region, leveraging the area’s strong connectivity and the state’s ‘Green Integrated Data Centre’ policy framework. The project will integrate sustainable energy solutions, aligning with global environmental standards while providing the backend infrastructure required to support India’s growing demand for artificial intelligence and cloud computing.

A key highlight of the MoU is its employment potential. The investment is expected to create around 150,000 jobs, including both direct technical roles and indirect service positions across the region. State officials said the influx of high-value employment will support local economic growth and strengthen Mumbai’s position as a global technology centre alongside its role as India’s financial capital.

For Lodha Developers, which has traditionally focused on residential and commercial real estate, the project marks a strategic diversification into high-growth digital infrastructure, reflecting a broader shift among leading Indian corporate groups towards technology-led assets.

The agreement was part of a broader set of investment commitments secured by the Maharashtra delegation at Davos, with total pledges exceeding Rs 14,500 billion across multiple sunrise sectors. With Maharashtra already hosting nearly 60 per cent of India’s existing data centre capacity, the Lodha investment is expected to further consolidate the Mumbai Metropolitan Region’s role at the centre of the country’s digital transformation.