Maharashtra CM Shinde plans an investment Worth $ 17 billion
ECONOMY & POLICY

Maharashtra CM Shinde plans an investment Worth $ 17 billion

On the sidelines of the World Economic Forum Annual Meeting, state Chief Minister Eknath Shinde plans to sign MoUs worth $ 17 billion to promote Maharashtra as a key investment destination.

During Shinde's two-day visit, as many as 21 Memorandums of Understanding (MoUs) are expected to be signed with leading foreign investors and global corporations.

The investments are expected to generate more than 66,500 jobs over the next few years and will help Maharashtra achieve its ambitious USD 1-trillion economic goal, they added.

The vast majority of these are greenfield projects in data centres, pharmaceuticals, logistics, chemicals, automobiles, electric vehicles, renewable energy, and ESDM (Electronics System Design & Manufacturing), which will promote inclusive growth, job creation, and long-term development.

Maharashtra, according to Shinde, has been a key driver and contributor to India's economic growth. "We are leading the way in delivering ground-breaking investment opportunities and building confidence for the investing community."

"These MoUs demonstrate the heightened interest in the state and are a testament to Maharashtra's progressive policies and investor-friendly initiatives under our new government. I have presented the progressive policy reforms of my government, making the state a part of the global conversation, to reiterate to political leaders and global investors why Maharashtra is a premier investment destination," he added.

Additionally, Maharashtra and the WEF have entered a lucrative three-year platform collaboration agreement that calls for ongoing interactions on issues of strategic state concern.

Smart and connected cities, urban resilience, governance, infrastructure and services, resource management, and new economies and societies with an emphasis on entrepreneurship, education and skills, economic growth, and job creation are the main topics of discussion.

Over the course of the two days, Shinde will brief important political and government figures from Luxembourg, Saudi Arabia, and Singapore on Maharashtra's progressive policies and investor-friendly perspective.

Maharashtra is one of India's most industrialized states, contributing 15% of the nation's GDP and 16% of its industrial production.

The service industry, which accounts for 62% of the state's GDP, and the manufacturing sector, which accounts for 20% of the GDP, are the two main contributors to the state's economy.

Automobiles, engineering, textiles, pharmaceuticals, chemicals, petrochemicals, food processing, and IT/ITeS are among Maharashtra's leading sectors.

The primary organization responsible for promoting investments in the state is the Maharashtra Industrial Development Corporation (MIDC).

A special Act of the state legislature established it in 1962 with the goal of achieving balanced industrial growth in Maharashtra.

It is the Special Planning Body that employs a huge network of neighbourhood offices. The company is in charge of 289 industrial parks spread across 2.25 lakh acres of the state.

See also:
UP Govt signs MoUs with South Korea and Japan for INR 183.50 billion
ADB, India sign $350 million loan to improve in Maharashtra


Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

On the sidelines of the World Economic Forum Annual Meeting, state Chief Minister Eknath Shinde plans to sign MoUs worth $ 17 billion to promote Maharashtra as a key investment destination. During Shinde's two-day visit, as many as 21 Memorandums of Understanding (MoUs) are expected to be signed with leading foreign investors and global corporations. The investments are expected to generate more than 66,500 jobs over the next few years and will help Maharashtra achieve its ambitious USD 1-trillion economic goal, they added. The vast majority of these are greenfield projects in data centres, pharmaceuticals, logistics, chemicals, automobiles, electric vehicles, renewable energy, and ESDM (Electronics System Design & Manufacturing), which will promote inclusive growth, job creation, and long-term development. Maharashtra, according to Shinde, has been a key driver and contributor to India's economic growth. We are leading the way in delivering ground-breaking investment opportunities and building confidence for the investing community. These MoUs demonstrate the heightened interest in the state and are a testament to Maharashtra's progressive policies and investor-friendly initiatives under our new government. I have presented the progressive policy reforms of my government, making the state a part of the global conversation, to reiterate to political leaders and global investors why Maharashtra is a premier investment destination, he added. Additionally, Maharashtra and the WEF have entered a lucrative three-year platform collaboration agreement that calls for ongoing interactions on issues of strategic state concern. Smart and connected cities, urban resilience, governance, infrastructure and services, resource management, and new economies and societies with an emphasis on entrepreneurship, education and skills, economic growth, and job creation are the main topics of discussion. Over the course of the two days, Shinde will brief important political and government figures from Luxembourg, Saudi Arabia, and Singapore on Maharashtra's progressive policies and investor-friendly perspective. Maharashtra is one of India's most industrialized states, contributing 15% of the nation's GDP and 16% of its industrial production. The service industry, which accounts for 62% of the state's GDP, and the manufacturing sector, which accounts for 20% of the GDP, are the two main contributors to the state's economy. Automobiles, engineering, textiles, pharmaceuticals, chemicals, petrochemicals, food processing, and IT/ITeS are among Maharashtra's leading sectors. The primary organization responsible for promoting investments in the state is the Maharashtra Industrial Development Corporation (MIDC). A special Act of the state legislature established it in 1962 with the goal of achieving balanced industrial growth in Maharashtra. It is the Special Planning Body that employs a huge network of neighbourhood offices. The company is in charge of 289 industrial parks spread across 2.25 lakh acres of the state. See also: UP Govt signs MoUs with South Korea and Japan for INR 183.50 billionADB, India sign $350 million loan to improve in Maharashtra

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000