Maharashtra has signed 23 agreements worth Rs 30,000 crore at the Davos Forum

Maharashtra has signed 23 agreements worth Rs 30,000 crore at the Davos Forum

The state has signed a MoU with the Global Plastics Action Partnership (“GPAP”).


At the World Economic Forum in Davos, the Maharashtra delegation announced the signing of 23 MoUs worth Rs 30,000 crore. Of these, more than 55% of foreign direct investment comes from countries such as Singapore, Indonesia, the United States and Japan. Maharashtra WEF is participating in Davos as part of Team India, demonstrating the role of the state in creating a $ 5 trillion economy for India.

These include investments in various sectors including pharmaceuticals and medical devices, IT, data centers, textiles, food processing, packaging, paper and pulp, steel, etc. Memorandum of Understanding (MoU) held at the Maharashtra Pavilion in Davos. These investments are likely to create more than 66,000 jobs, “the state government said in a statement.

“Today at EWEF # Davos2022 is a great success for the Magnetic Maharashtra 2.0 program. A total of 23 MoUs worth USD 4 billion (INR 30k cr) have been signed which will create 66,000 jobs in Maharashtra. MCMOMaharashtra One tweeted.

The state delegation is led by Environment and Climate Change Minister Aditya Thackeray, Industries Minister Subhash Desai and Energy Minister Dr Nitin Raut.

The state of Maharashtra has launched the Magnetic Maharashtra 2.0 program to attract investment. So far, in the 9th edition of the MM 2.0 initiative led by Chief Minister Uddhav Thackeray, the state has been able to attract Rs 1.89 lakh crore in new investments in addition to FDI of over INR 2 lakh crore – the highest in India. Maharashtra Industrial Development Corporation is hosting the 10th edition of Magnetic Maharashtra 2.0 at the World Economic Forum.

“Today @WEF @Davos state government has signed 23 MoUs with various companies with an investment of Rs 30,379 crore. These investments are likely to create more than 66000 jobs. The MoU was signed in the presence of Minister @AUThackeray and @NitinRaut_INC .

The World Economic Forum is an annual event that serves as a melting pot of ideas, and many important global partnerships are formed during the week-long event.

The state delegation is holding multiple high-powered meetings with CEOs of Fortune 500 companies to mobilize huge investments in Maharashtra. Some of the key investors in the state include Santori, a global beverage company that leads in sustainable packaging, and UPL, a multinational head of chemicals that is investing 250 acres in the state’s Raigarh district.

The state has signed a MoU with the Global Plastics Action Partnership (“GPAP”) and launched the Maharashtra Plastics Action Partnership (Maharashtra PAP), which will serve as a roadmap for sustainable development in the state. Maharashtra is the first state to ban single-use plastics in 2018 and is at the forefront of sustainable development with aggressive policies and action plans to balance development and climate change.

“In an insightful session at the Forum Initiative Briefing with Christine Hughes, Executive Director of @PlasticImpact, he outlined the changes in global policy and business partnerships for tough plastic action measures at this time of climate emergency,” Aditya Thackeray tweeted.

“It was a great meeting with @alanjope CEO, @Unilever. Discussed various CSR projects that Unilever is taking up in Mumbai’s low-income areas and has an amazing impact on sustainability and quality of life,” Mr Thackeray added.

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