On the first day of the World Economic Forum in Davos, Switzerland, Maharashtra received an investment of approximately Rs 45,900 crore. In announcing the investment, state Industries Minister Uday Samant stated that the jobs created by this massive investment will help around 10,000 people.
Details about Maharashtra has secured investments of Rs 45000 crore at the World Economic Forum
“MoUs were signed today with various companies in the presence of Chief Minister Eknath Shinde, and via this, over 10,000 youths will get work,” Samant added, according to ANI. The Memorandums of Understanding were signed in the presence of Chief Minister Shinde, Minister Uday Samant, Principal Secretary Harshdeep Kamble, MIDC CEO Vipin Sharma, and other dignitaries.
However, the investment is still smaller than what the state had hoped for. According to the Economic Times, Chief Minister Eknath Shinde planned to sign Memorandums of Understanding for Rs. 1.4 Lakh Crore. According to the research, if those MoUs are signed, it will result in the creation of around 66,500 jobs in the state.
“Chief Minister Eknath Shinde arrived in Davos today (Monday) for the World Economic Forum’s international conference, and he visited the Maharashtra Pavilion constructed at Davos. “A remarkable presentation of the state’s success will be made in the Maharashtra Pavilion, and MoUs will also be inked here with significant companies,” added Samant.
These MoUs were intended to help Maharashtra achieve its goal of being a $1 trillion economy in the next several years. To that goal, Maharashtra has signed a three-year platform collaboration agreement with the World Economic Forum. This is a commercial contract that seeks ongoing involvement with the WEF on issues of strategic importance to the state.
Maharashtra is one of India’s most industrialized states. It accounts for 16% of the overall industrial output in India and accounts for around 15% of the total GDP. The World Economic Forum in Davos will be held till January 20.