IGF 'NXT25': Maharashtra secures $50 bn investments; Fadnavis says state building future-ready economy
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The government of Maharashtra, during the India Global Forum’s 'NXT25' Summit at Mumbai's Jio World Convention Centre today, secured investment agreements worth around $50 billion with prominent domestic and global investors. The Mumbai Metropolitan Region Development Authority (MMRDA) announced five major MoUs totalling $49.02 billion. These aim to bolster infrastructure within the Mumbai Metropolitan Region (MMR).
These agreements include commitments from key financial institutions such as Housing and Urban Development Corporation Ltd. (HUDCO) ($18.09 billion), REC Limited ($12.06 billion), Power Finance Corporation Ltd (PFC) pledging ($12.06 billion), Indian Railway Finance Corporation Ltd. (IRFC) ($6.03 billion), and National Bank for Financing Infrastructure and Development (NaBFID) promising investment worth $843 million.
These agreements are expected to enhance infrastructure capabilities, making the region more attractive for further investment and industrial expansion.
Devendra Fadnavis, Chief Minister of Maharashtra, who was present at the event, spoke on making Maharashtra world ready, given the global paradigm changes and the state's vision of becoming a trillion-dollar economy.
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"With strong momentum in Fintech and AI, and a thriving ecosystem in Mumbai and Pune, Maharashtra is well-positioned to lead next-gen innovation and industry," he said.
According to the CM, the state is attracting record investments, with FDI expected to cross 40–45%. "From AI in agriculture to climate-resilient practices, Maharashtra is building a future-ready economy backed by rising GDP and strong GST collections."
He said he also witnessed the MoU signing between MMRDA and key public sector entities. "This marks a bold step, with a total investment of ₹4,07,000 crore dedicated to driving infrastructure and development," he said.
The CM was also present during the MoU signing between the government of Maharashtra and The Magnum Ice Cream Company HoldCo Netherlands B.V. (Hindustan Unilever). "With a ₹900 crore investment, Pune is set to host HUL’s largest Global Capability Center, creating over 1000 high-value jobs and marking a major leap toward innovation and growth," said Fadnavis.