Mumbai: Maharashtra on Monday marked a strong presence at the World Economic Forum (WEF) Annual Meeting 2026 in Davos, with Chief Minister Devendra Fadnavis presiding over and witnessing a series of high-value Memoranda of Understanding (MoUs). These agreements aim to accelerate industrial growth, infrastructure development, and employment generation across the State.
A key MoU was signed between the government of Maharashtra, through the Mumbai Metropolitan Region Development Authority (MMRDA), and the SBG Group for a USD20 billion investment in the logistics sector. The project, focused on the Mumbai Metropolitan Region, is expected to generate 4.5 lakh jobs. Fadnavis and SBG Group Chairman Saurabh Bora witnessed the MoU.
In another significant development, the State government entered into an MoU with Surjagad Ispat Ltd. involving an investment of Rs20,000 crore in the steel sector. The project will be located in Gadchiroli district of the Vidarbha region and is expected to create 8,000 employment opportunities. The CM and Vedansh Joshi, Managing Director, were present during the signing.
Fadnavis also presided over multiple MoU exchanges between the MMRDA and leading global and domestic partners, reflecting a comprehensive approach to urban development, real estate, sustainability, and institutional collaboration.
The government also entered into MoUs with Sumitomo Realty & Development involving an investment of USD8 billion with an employment potential of 80,000, with K. Raheja Corp committing USD10 billion expected to generate one lakh jobs, with Alta Capital in partnership with Panchshil Realty proposing a USD25 billion investment creating 2.5 lakh employment opportunities, and with IISM Global planning an investment of USD8 billion with the potential to employ 80,000 people.
Additionally, JICA was onboarded as a strategy and policy partner, while Sembcorp Development Ltd., Singapore, will serve as a knowledge partner for the development of integrated industrial parks with low carbon emissions. The Technical University of Munich, Germany, partnered with the state on sustainable urban transport systems, and Urban Futures Collective, London, comprising professors from some of the world’s leading universities, will work on creating digital twin ecosystems for Mumbai to enhance sustainability, resilience, and urban livability.
Further strengthening the steel manufacturing ecosystem, an MoU was signed between the government of Maharashtra and BFN Forgings for an investment of Rs565 crore. The project, to be located in Palghar district in the MMR, is expected to generate 847 jobs, the CM said in a series of posts on X.
The series of MoUs at Davos 2026 underscores Maharashtra’s focus on large-scale investments, balanced regional development, sustainable urban planning, and job creation, positioning the state as a key destination for global capital and long-term industrial growth.
