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By EquityPandit

INDIA

Maharashtra Bags Rs 6.25 Lakh Cr Investment Deals at WEF Davos

Chief Minister Devendra Fadnavis led efforts to attract investments.

On day one of the World Economic Forum in Davos, Maharashtra set a new record by securing investment deals totalling Rs 6.25 lakh crore.

Chief Minister Devendra Fadnavis led efforts to attract investments, showcasing the state’s investor-friendly policies and growth potential.

Key Announcements:

Tata Group: Committed Rs 30,000 crore for expansion in Maharashtra. Fadnavis met Chairman N. Chandrasekaran to discuss strategic advantages.

JSW Group: Announced Rs 3 lakh crore investment in steel, renewable energy, cement, infrastructure, and EVs, creating 10,000 jobs in Nagpur and Gadchiroli.

Carlsberg Group: CEO Jacob Arup Andersen expressed interest in investing, with Fadnavis ensuring full cooperation.

Lulu Group: Plans projects in Nagpur and expanded retail presence in Maharashtra.

Renew Power: Discussed a 15,000 MW pipeline and wind power project in Beed district with CEO Sumant Sinha.

Schneider Electric: Collaborating on AI in energy and ITI empowerment programs.

Mastercard and Louis Dreyfus: Explored opportunities in agriculture, food processing, shipping, and financial sectors.

Cognizant: CEO Ravikumar S met Fadnavis to discuss investment plans.

First-Ever Gadchiroli Deal:

KalyGroup will invest Rs 5,200 crore in defence, steel, and EVs, generating 4,000 jobs and marking a milestone for the district’s industrial development.

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