The Maharashtra government has announced a major investment push at the World Economic Forum (WEF) Annual Meeting 2026 in Davos, Switzerland, with the state signing 19 memoranda of understanding (MoUs) involving proposed investments worth ₹14.5 lakh crore and the potential to generate over 15 lakh jobs. 

The agreements were formalised on the first day of the global summit after Chief Minister Devendra Fadnavis inaugurated the Maharashtra Pavilion, positioning the state as a key destination for investments across technology, logistics, renewable energy, steel, digital infrastructure, and manufacturing. State officials said the scale and diversity of the MoUs underline strong global confidence in Maharashtra’s consumer markets, infrastructure preparedness and long-term economic fundamentals. 

Key commitments 

Among the most significant commitments was a proposal by the Lodha Group to invest nearly ₹1 lakh crore in developing large-scale data centre infrastructure in the Mumbai metropolitan region, a move expected to boost Maharashtra’s position as India’s digital and cloud services hub. Another major highlight was a $20 billion investment plan by SBG Group in the logistics sector, which is projected to create a significant number of direct and indirect employment opportunities over the coming years. 

Plan to develop a ‘third Mumbai’ 

Addressing the media after inaugurating the pavilion, Fadnavis said Maharashtra was receiving an encouraging response from global investors across sectors. He said even the state government’s ambitious plan to develop a “third Mumbai” as a new urban and economic hub was attracting keen interest from domestic and international players. 

“We are seeing all kinds of investments coming in—manufacturing, data centres, infrastructure and green energy. Some discussions will be finalised here, while others will be concluded after we return to India,” the chief minister said. He also described Maharashtra as a gateway for Indian businesses to connect with global partners while extending best wishes to other Indian states seeking investments at Davos. 

A series of business-to-government meetings 

Throughout the day, Fadnavis held a series of business-to-government meetings with global companies, including Coca-Cola, Antora Energy, and Brookfield. These interactions covered a wide range of sectors such as consumer goods, beverages, hospitality, urban development, logistics, green steel, and digital infrastructure. The chief minister was accompanied by Minister for Industries Uday Samant and senior state officials. 

While the Maharashtra government highlighted its leadership in foreign direct investment inflows and startup growth, some critics questioned the optics of signing MoUs with Indian companies at an international forum like Davos. However, supporters argued that the WEF platform provides unmatched global visibility, helping states showcase large-scale projects and signal policy stability to international investors. 

State officials said more investment announcements could follow during the remaining days of the WEF meeting, as discussions progress with several global corporations, potentially taking Maharashtra’s total investment commitments at Davos even higher.