Maharashtra Signs Rs 14.5 Trillion MoUs at Davos

23 Jan 2026 CW Team

According to an official government statement, the agreements are expected to generate around 1.5 million job opportunities in the state. The MoUs were signed in the presence of Chief Minister Devendra Fadnavis.

The state government said additional MoUs are likely to be signed over the next two days in areas including artificial intelligence, quantum computing, digital infrastructure, financial technology, logistics, infrastructure, shipbuilding, electric vehicles and renewable energy, indicating a broad push to attract global investment into emerging and strategic sectors.

Meanwhile, the opposition Congress criticised the Chief Minister over one of the agreements, alleging that an MoU was signed with a company owned by a Cabinet Minister in the state government. Congress leader Jairam Ramesh questioned the rationale behind signing such an agreement in Switzerland, raising concerns about the optics of the move.

The criticism relates to an MoU worth Rs 1 trillion signed with Lodha Developers in the IT and data centre sector. The state government stated that the project is expected to create employment opportunities for around 150,000 young people.

The Chief Minister’s Office responded that similar issues had been raised earlier and clarified that MoUs are signed at Davos because foreign direct investment partners of Indian companies are often based overseas. The government emphasised that the agreements aim to strengthen Maharashtra’s investment pipeline and reinforce its position as a leading industrial and technology hub in India.

Overall, the MoUs signed at Davos underscore Maharashtra’s strategy to accelerate industrial growth, attract global capital and expand employment opportunities across high-growth sectors, aligning with its long-term economic development objectives.

The Government of Maharashtra has signed 19 memorandums of understanding (MoUs) worth Rs 14.5 trillion on the first day of the World Economic Forum in Davos. The proposed investments span sectors such as green energy, food processing, steel manufacturing, IT and IT-enabled services, data centres, electric vehicles and automobiles, shipbuilding and digital infrastructure. According to an official government statement, the agreements are expected to generate around 1.5 million job opportunities in the state. The MoUs were signed in the presence of Chief Minister Devendra Fadnavis. The state government said additional MoUs are likely to be signed over the next two days in areas including artificial intelligence, quantum computing, digital infrastructure, financial technology, logistics, infrastructure, shipbuilding, electric vehicles and renewable energy, indicating a broad push to attract global investment into emerging and strategic sectors. Meanwhile, the opposition Congress criticised the Chief Minister over one of the agreements, alleging that an MoU was signed with a company owned by a Cabinet Minister in the state government. Congress leader Jairam Ramesh questioned the rationale behind signing such an agreement in Switzerland, raising concerns about the optics of the move. The criticism relates to an MoU worth Rs 1 trillion signed with Lodha Developers in the IT and data centre sector. The state government stated that the project is expected to create employment opportunities for around 150,000 young people. The Chief Minister’s Office responded that similar issues had been raised earlier and clarified that MoUs are signed at Davos because foreign direct investment partners of Indian companies are often based overseas. The government emphasised that the agreements aim to strengthen Maharashtra’s investment pipeline and reinforce its position as a leading industrial and technology hub in India. Overall, the MoUs signed at Davos underscore Maharashtra’s strategy to accelerate industrial growth, attract global capital and expand employment opportunities across high-growth sectors, aligning with its long-term economic development objectives.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..