Maharashtra Signs MoUs Worth ₹38,750 Crore at World Economic Forum in Davos

Maharashtra has signed multiple MoUs worth 38,750 crore rupees at the ongoing World Economic Forum in Davos in the presence of Chief Minister Devendra Fadnavis. The maiden MoU, signed between the Government of Maharashtra and the Kalyani Group, covers the defence, steel, and electric vehicle sectors.

This agreement is expected to attract an investment of 5,250 crore rupees and generate 4,000



jobs in Gadchiroli. The second MoU, worth 16,500 crore rupees, was signed between the Government of Maharashtra and Reliance Infrastructure Ltd. in the defence sector and is expected to create 2,450 job opportunities. The third MoU signed with Balasore Alloys Ltd. is worth 17,000 crore rupees and focuses on the steel and metals industry and will create 3,200 jobs.