Maharashtra Secures Record ₹14.5 Lakh Crore Investment MoUs at Davos 2026, Announces Innovation City

Maharashtra achieved record-breaking investment commitments on opening day of WEF 2026 Annual Meeting in Davos with 19 Memorandums of Understanding totaling ₹14.5 lakh crore, projected to generate over 15 lakh jobs across sectors. The Industries Department coordinated investments worth ₹3.13 lakh crore spanning food processing, renewable energy, green steel, electric vehicles, automotive manufacturing, shipbuilding and digital infrastructure. Major announcements include Lodha Group's maiden ₹1 lakh crore data centre investment, ArcelorMittal's ₹1.1 lakh crore sustainable steel manufacturing project, Surjagad Ispat's ₹20,000 crore investment in Gadchiroli, and Yoki Green Energy's ₹4,000 crore renewable energy project. CM Devendra Fadnavis unveiled Innovation City near Navi Mumbai with confirmed $11 billion investments primarily in data centres and allied infrastructure from Tata Group and international players. A new smart city spanning 250 acres in Raigad-Pen region near Navi Mumbai airport is envisioned as BKC-like central business district with investments exceeding ₹1 lakh crore from US, Singapore, Australia, UAE and Netherlands investors. These initiatives align with 'Viksit Maharashtra 2047' vision and goal of becoming five trillion-dollar economy, supporting India's trajectory to $5 trillion economy while positioning Maharashtra as trillion-dollar state with robust innovation ecosystem.