World Economic Forum: Maharashtra signs MoUs for projects worth Rs 88,420 crore

Some of the companies with which the state government has signed the MoUs are Greenko Energy Projects Pvt Ltd (project worth Rs 12,000 crore), Berkshire Hathway Home Services Orenda India (worth Rs 16,000 crore), ICP Investments/Indus Capital (worth Rs 16,000 crore) and America’s New Era Cleantech Solutions (Rs 20,000 crore), among others.

Shinde also met Bank of Japan’s Executive Managing Director Shigeto Hashiyama to hold a discussion about the Supa industrial estate in Ahmednagar.

The government had earlier announced that it would be signing MoUs worth Rs 1.4 lakh crore with 20 companies in Davos.

The Davos MoUs assume significance as the Maharashtra government has been working hard to tap potential international and domestic investors to give impetus to the economy of the state.

According to Samant, the state government is holding discussions with other companies too.

The Davos visit will be utilised to maximise the investment potential for Maharashtra, the minister said.

The Maharashtra government, led by Shinde, has been scouting for big investments in the state since it took over the reins of the government six months ago.

The Shinde-led Balasahebanchi Shiv Sena and BJP, which came to power on June 30, 2022, have been under pressure after a Vedanta-Foxconn plant, entailing investment of Rs 1.5 lakh crore, relocated to neighbouring Gujarat. The Tata Airbus project, worth Rs 22,000 crore, also chose Gujarat to set up its plant.

Opposition parties have been relentlessly critical about the state government for its failure to retain the Vedanta-Foxconn and Tata Airbus projects.

Shinde and Deputy CM Devendra Fadnavis have been constantly attacked by Shiv Sena (UBT) chief Uddhav Thackeray,

Leader of Opposition Ajit Pawar and Maharashtra’s Congress chief Nana Patole for “allowing Gujarat to walk away with Maharashtra’s project”.

However, Fadnavis had ruled out the “baseless charges”. “Maharashtra remains the investment destination. Its industrial leader status remains uncompromised. We will consolidate it further through new investments,” he had said.