Maharashtra has managed a better run rate than the nation in converting its deals on paper into actual investments, state's Chief Minister Devendra Fadnavis told NDTV Profit on the sidelines of the World Economic Forum summit in Davos.
Fadnavis said that Maharashtra has converted 65% of its MoUs into actual investments, compared to the national average of 35%.
Maharashtra has obtained investment commitments of Rs 15.7 lakh crore by the second day of the World Economic Forum 2025 in Davos and aims to follow up by converting them into actual projects, the Maharashtra chief minister said.
The state government signed 54 MoUs and seven strategic MoUs amounting to Rs 15.7 lakh crore, claiming they will create 15.95 lakh jobs in the state.
While the Department of Industries signed MoUs worth Rs 11.71 lakh crore, Mumbai Metropolitan Region Development Authority has drawn Rs 3.44 lakh crore and City Industrial Development Corp. Rs 55,200 crore.
"A team will monitor these MoUs and create partnerships. The government will do all it can to secure investments," the CM told NDTV Profit.
World Economic Forum delegation called on an welcomed CM Devendra Fadnavis at the Maharashtra Pavilion in #Davos.@wef @Dev_Fadnavis#MahaAtDavos #WEF25 #UnstoppableMaharashtra pic.twitter.com/SX0Z0vyUoi
January 22, 2025"Maharashtra has policies aligned with the central government. It is generating confidence. In our previous term between 2014 and 2019, we brought stable and business-friendly policies," Fadnavis said.
He cited the example of the remote, Naxalite-hit Gadchiroli district of eastern Maharashtra that has drawn interest from the mining industry.
Advertisement"We advised Llyods to take along the locals for a mining project and government provided security. The locals realised that they are benefiting through a source of income. Today, Naxalite areas are turning into a steel city. We have secured a Rs 1 lakh-crore investment from JSW Group for Gadchiroli that will transform the area," he said.
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