The Maharashtra government is targeting Rs 7 lakh crore worth of Memorandums of Understanding (MoUs) at the upcoming World Economic Forum (WEF) in Davos, Switzerland. This ambitious goal underscores the state’s commitment to attracting investment and driving economic growth. Over the past two years, Maharashtra has already signed MoUs worth Rs 1.37 lakh crore in 2023 and Rs 3.53 lakh crore in 2024, demonstrating a consistent upward trajectory. With a planned conversion rate of 80–85%, the state aims to surpass previous benchmarks. This article delves into the key highlights of Maharashtra’s investment strategy and the challenges faced in MoU execution.

Ambitious Goals for WEF 2025

Rs 7 lakh crore target for MoUs: Maharashtra has set a record-high target for MoUs, aiming to further strengthen its position as a leading investment destination.

Learning from past achievements:

In 2023, the state secured investments worth Rs 1.37 lakh crore through MoUs.
In 2024, this figure more than doubled to Rs 3.53 lakh crore, reflecting significant progress.
Focus on conversion rate: Maharashtra, along with Tamil Nadu, boasts one of the highest MoU-to-investment conversion rates in the country. The government is targeting an 80–85% success rate for converting MoUs into actionable investments this year.

Chief Minister Devendra Fadnavis to Lead Delegation

Leadership at WEF: Chief Minister Devendra Fadnavis will spearhead Maharashtra’s delegation at the WEF meeting from January 20 to January 24, emphasizing the state’s proactive approach to attracting global investors.

March 31 deadline for MoU execution: The government has set an ambitious deadline to ensure maximum MoUs are executed by March 31, 2025, streamlining the investment process.

Addressing Challenges in MoU Execution

Reviewing past performance: The Industries Department has conducted a detailed review of the outcomes from the previous WEF meetings to identify hurdles in converting MoUs into tangible investments.

Focus on improvement: This assessment aims to refine strategies, rectify past mistakes, and enhance the overall efficiency of the MoU execution process.

Call for Transparency

Opposition demands a White Paper: Last year, opposition leaders called for the publication of a White Paper on MoUs, urging greater transparency in the process.

Pending promise: Although former Industries Minister Uday Samant pledged in June 2024 to release a White Paper, it has yet to be fulfilled, raising questions about the government’s accountability.