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Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Nation > Maharashtra Achieves Unprecedented Investment Agreements at Davos WEF Summit
Nation

Maharashtra Achieves Unprecedented Investment Agreements at Davos WEF Summit

January 22, 2025 2 Min Read
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Chief Minister Devendra Fadnavis actively engaged with several prominent business leaders, inviting them to invest in Maharashtra during a recent event. Notably, he met with N. Chandrasekaran, Chairman of the Tata Group, which has pledged a significant investment of ₹30,000 crore in the state.

In addition, the Chief Minister held discussions with Jacob Aarup-Andersen, the CEO of the Carlsberg Group, who expressed interest in making investments in Maharashtra. Fadnavis assured full support for the company’s initiatives.

Furthermore, Chief Minister Fadnavis met with M.A. Yusuff Ali, Managing Director of the Lulu Group, which is prominent in the retail sector. Yusuff Ali showed enthusiasm for investing in Nagpur and expanding the Lulu Group’s operations across Maharashtra.

The discussions extended to Sumant Sinha, Chairman and CEO of ReNew Power, where they explored plans for a 15,000 MW pipeline and wind energy project in Beed district.

Deepak Sharma, Managing Director and CEO of Schneider Electric India, also met with the Chief Minister to discuss potential collaboration in enhancing the capabilities of Industrial Training Institutes (ITIs) in the state through World Bank assistance, as well as utilizing artificial intelligence in the energy sector. Sharma indicated there are plans for further expansion in Ahilyanagar and Nashik.

Moreover, Chief Minister Fadnavis engaged with Ling Hai, President of Mastercard Asia-Pacific, and held discussions with Michael Gelchie, CEO of Louis Dreyfus, focusing on agriculture, food processing, international shipping, and financial services, with a view to fostering collaboration in the agricultural sector.

Additionally, Ravi Kumar S., CEO of Cognizant, met with Chief Minister Fadnavis during this event, underscoring the state’s outreach to various sectors for investment and development.

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