Davos 2026: The Adani Group on Wednesday announced a large investment plan of $66 billion for Maharashtra, covering key sectors such as aviation, clean energy, urban development, digital infrastructure, and advanced manufacturing.

The group shared its road map at the 56th World Economic Forum annual meeting in Davos, saying the investment reflects its long-term commitment to Maharashtra and India’s infrastructure-led growth. It said the plan focuses on building future-ready platforms that support India’s goals on energy transition, ease of doing business, and self-reliance in manufacturing.

Maharashtra Chief Minister Devendra Fadnavis welcomed the investment push, saying, “We will welcome any investor, whether it is the Adani Group or others, who brings investment to Maharashtra, because without investment, jobs will not be created for our youth.”

Focus on infrastructure and redevelopment

In Maharashtra, the proposed investments will focus strongly on major urban and infrastructure projects. One of the biggest initiatives is the redevelopment of Dharavi, described as one of India’s most complex urban renewal projects. The aim is to transform Asia’s largest informal settlement into a well-planned and economically active area.

Another key focus area is Navi Mumbai, which the Adani Group sees as a major growth centre. This is being led by the Navi Mumbai International Airport, one of India’s largest greenfield airports, which began operations on December 25. The airport is expected to ease pressure on Mumbai’s aviation capacity and also drive growth in logistics, hospitality, and commercial activities in the region.

Pranav Adani, Director of Adani Enterprises, said the planned investments would be rolled out over the next seven to ten years. He outlined a wide range of projects, including green and integrated data centre parks with a total capacity of 3,000 MW, an integrated arena district near the airport, coal gasification units, and pumped-storage hydropower projects with a combined capacity of 8,700 MW.

Plans for semiconductor units

The plan also includes proposed semiconductor and display manufacturing units, aligned with the government’s evolving policy framework for private sector participation.

The Adani Group said the investments mark its shift from building individual assets to creating large ecosystems, with a focus on scale, integration, and sustainability. At Davos, the group said its engagements at WEF 2026 underline its effort to align private investment with India’s global economic ambitions.

(With inputs from PTI)