PR 99491

DAVOS, Switzerland, Jan. 19, 2023 /PRNewswire=KYODO JBN/ --

One of the largest investment commitments aims to generate over 101,389 jobs in

the manufacturing, hi-tech, renewables and food processing sectors

The Chief Minister of Maharashtra, Shri Eknath Shinde, concluded his World

Economic Forum 2023 (WEF) meetings at Davos, on a successful note, paving the

way for accelerated growth for Maharashtra and India.  

Shri Shinde's visit to Davos was packed with back-to-back meetings with global

business and political leaders, which resulted in the signing of 19 MOUs with

globally and nationally renowned companies such as Berkshire Hathaway, ICP

investments, New Era CleanTech, Gogoro India, Greenko Energy Projects, Mahindra

Electric Vehicle Automobile and several more.

Offering a vibrant economic climate, ease of doing business, robust

infrastructure, and decisive leadership these investments are spread across

Maharashtra and will lead to uniform economic growth across all the districts

in the state. With the economy recovering rapidly from the slowdown caused by

the Covid-19 pandemic, these investments will create over 100,000 jobs in

hi-tech, manufacturing, agriculture and food processing, renewable & clean

energy and the infrastructure sectors.

Maharashtra's visit to Davos proves that the state is the most preferred in

India for global investments; with the success at the WEF validating the

government's agenda, which was rolled out amid challenging times seven months

ago.

Concluding his visit, Shri Shinde said, "It was a highly productive visit, and

I am extremely happy with the outcome of my meetings. With these global

investments, across key growth sectors spread across the state, we have laid

down the foundation for accelerated economic growth of Maharashtra and India.

The confidence shown by these global investors have once again reinforced

Maharashtra's unique position as the gateway to India. I will continue to lead

the state's efforts for rapid economic growth in order to achieve our $1

trillion GDP goal."

About Maharashtra:

Maharashtra is one of the most industrialised states in India, contributing 16%

to the country's industrial output and 15% to its GDP. The service sector

contributes the most to the state's economy, accounting for 62% of its GDP,

while the manufacturing sector is the second-largest contributor to the state's

economy, accounting for 20% of its GDP. Major industries in Maharashtra include

automobiles, engineering, textiles, pharmaceuticals, chemicals, petrochemicals,

food processing and IT/ITeS.

Source:  Maharashtra Industrial Development Corporation (MIDC)