CIDCO signs four major MoUs at Davos WEF

While launching the International Educity project, CIDCO announced it would bring together 8-10 foreign universities to create a global education hub. “The project aims to attract students and faculty from around the world, fostering academic collaboration and cross-cultural exchange,” said a CIDCO official. Located within a 5 km radius of the upcoming Navi Mumbai International Airport, the Educity will offer world-class education infrastructure and research facilities, he added.

“The project also aligns with broader development plans, being strategically positioned near key infrastructure such as Aerocity, Sports City, Medicity, and major transport corridors,” said the official.

For the entertainment industry, CIDCO has partnered with BookMyShow to develop a state-of-the-art outdoor entertainment arena modeled after international venues like Madison Square Garden in New York and The O2 Arena in London. The arena will have a seating capacity of 20,000 or standing space for 25,000, making it the largest of its kind in the country.

“This multi-purpose venue will host concerts, award shows, sports tournaments, and cultural events throughout the year, catering to a diverse audience,” said the official.

CIDCO has also signed two more MoUs to enhance Maharashtra’s digital and logistics infrastructure. An MoU with Panchshil Realty will bring an investment of Rs 25,000 crore for a state-of-the-art data center, supporting the growth of businesses and technology firms. Another agreement with Welspun World involves a Rs 1,500 crore investment in a logistics park, creating 2,000 direct employment opportunities.