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State targets securing INR 7 lakh crore worth of contracts from Davos

Last year, the government signed a memorandum of understanding worth 3 lakh 53 thousand crore rupees in Davos

State targets securing INR 7 lakh crore worth of contracts from Davos
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The Mahayuti government has started strong preparations to bring more investment to the state through the World Economic Conference to be held in Davos, Switzerland from January 20 to 24. Last year, the government signed a memorandum of understanding worth 3 lakh 53 thousand crore rupees in Davos. This year, preparations are being made to make investment agreements worth twice that amount, i.e. about seven lakh crore rupees, and most of these agreements will actually be implemented in the next 100 days, informed reliable sources in the ministry.


The World Economic Forum organises the World Investment-Economic Conference in Davos every year. This year's conference will be held between 20-24 January. Chief Minister Devendra Fadnavis, Industries Minister Uday Samant, Chief Minister's Upper Chief Secretary Vikas Kharge, Principal Secretary Ashwini Bhide, Special Duty Officer Kaustubh Dhavse, Industries Secretary P Anbalgan, Development Commissioner Dipendra Singh Kushwaha, Mumbai Metropolitan Area Development Authority Commissioner Dr Sanjay Mukherjee, CIDCO Managing Director Vijay Singhal, Maharashtra Industrial Development Corporation CEO P Velarasu and other 20 people will be included in this team.


Through this financial conference, emphasis will be placed on bringing more and more foreign direct investment in the state. Accordingly, Chief Minister Fadnavis in a meeting of the Industries Department a few days ago said that the process of ease of doing business should be further improved to bring maximum investment in the state. Also, orders were given to the Industry Department to make changes in various industrial policies from time to time.


Also Read: Reliance Industries Secure 5,286 Acres Near Navi Mumbai Airport in Strategic Land Deal


Probable investments

● In Davos, the government is determined to invest heavily in steel, information technology, artificial intelligence, green energy, agriculture, logistics, electronics, education

 ● Last year, an investment agreement of 3.5 lakh crore rupees was signed at the Davos conference. It aims to create two lakh jobs. This year, the aim is to sign an investment agreement of 6 to 7 lakh crore rupees, which will create 5 to 6 lakh jobs

● As of now, 25 to 30 companies have been given investment certificates worth INR 3 lakh crore and foreign direct investment of INR 50,000 to INR 60,000 crore is expected through Davos. Sources informed that the discussion is underway 

● It is planned that the MoU in Davos will not remain only on paper but will be implemented in 100 days.

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