Economy News

Investment MoUs worth Rs 88,420 crore in Maharashtra have been signed in Davos so far – Mintpaisa

Agreements for investment commitments worth Rs 88,420 crore in Maharashtra have been signed so far at the ongoing annual meeting of the World Economic Forum (WEF) in Davos Switzerland, said on Tuesday. Chief Minister’s Office (CMO).

Investment deals worth Rs 42,520 crore were signed on Tuesday, the second day of the meeting in the Swiss Alpine city, a CMO statement said. Maharashtra Chief Minister Eknath Shinde is in Davos to attend the annual meeting of WEF, the gathering of top political and business leaders which is held from January 16-20.

Giving a breakdown of investments of Rs 42,520 crore finalized on Tuesday, the statement said that a Memorandum of Understanding (MoU) with US company New Era Cleantech Solutions has been signed to establish a coal gasification project. worth Rs 20,000 crore with capacity to generate 15,000 jobs in Chandrapur district.

A deal signed with Britain’s Varad Ferro Alloys to establish a steel project worth Rs 1,250 crore at Charmoshi in Gadchiroli district. Another MoU has been signed with Rajuri Steels and Alloys of Israel to establish a Rs 600 crore steel mill in Chandrapur district in Vidarbha region, the statement said. A mega automotive project worth Rs 20,000 crore from Gogora Engineering and Badve Engineering will also come to Maharashtra, he said.

An agreement has been signed with Portuguese Alight Plast to establish a plastic automobile project worth Rs 400 crore in Pimpri town of Pune district, the statement said. Shinde is in Davos to seek investment in Maharashtra, where his government has faced criticism after expensive industrial projects were moved to other states, including Gujarat. The WEF is an international organization for public-private cooperation.

The Forum engages society’s top political, business, cultural and other leaders to shape global, regional and industry agendas. The world body’s regular winter meeting comes after a two-year hiatus brought on by the coronavirus pandemic.


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