One of the largest investment commitments aims to generate over 101,389 jobs in 
the manufacturing, hi-tech, renewables and food processing sectors

The Chief Minister of Maharashtra, Shri Eknath Shinde, concluded his World 
Economic Forum 2023 (WEF) meetings at Davos, on a successful note, paving the 
way for accelerated growth for Maharashtra and India.  

Shri Shinde's visit to Davos was packed with back-to-back meetings with global 
business and political leaders, which resulted in the signing of 19 MOUs with 
globally and nationally renowned companies such as Berkshire Hathaway, ICP 
investments, New Era CleanTech, Gogoro India, Greenko Energy Projects, Mahindra 
Electric Vehicle Automobile and several more.

Offering a vibrant economic climate, ease of doing business, robust 
infrastructure, and decisive leadership these investments are spread across 
Maharashtra and will lead to uniform economic growth across all the districts 
in the state. With the economy recovering rapidly from the slowdown caused by 
the Covid-19 pandemic, these investments will create over 100,000 jobs in 
hi-tech, manufacturing, agriculture and food processing, renewable & clean 
energy and the infrastructure sectors.

Maharashtra's visit to Davos proves that the state is the most preferred in 
India for global investments; with the success at the WEF validating the 
government's agenda, which was rolled out amid challenging times seven months 
ago.

Concluding his visit, Shri Shinde said, "It was a highly productive visit, and 
I am extremely happy with the outcome of my meetings. With these global 
investments, across key growth sectors spread across the state, we have laid 
down the foundation for accelerated economic growth of Maharashtra and India. 
The confidence shown by these global investors have once again reinforced 
Maharashtra's unique position as the gateway to India. I will continue to lead 
the state's efforts for rapid economic growth in order to achieve our $1 
trillion GDP goal."

About Maharashtra:
Maharashtra is one of the most industrialised states in India, contributing 16% 
to the country's industrial output and 15% to its GDP. The service sector 
contributes the most to the state's economy, accounting for 62% of its GDP, 
while the manufacturing sector is the second-largest contributor to the state's 
economy, accounting for 20% of its GDP. Major industries in Maharashtra include 
automobiles, engineering, textiles, pharmaceuticals, chemicals, petrochemicals, 
food processing and IT/ITeS.


Source:  Maharashtra Industrial Development Corporation (MIDC)