India's Maharashtra state lures global investors at Davos

Chief minister expects $200bn worth of investments to come as EU-China ties fray

20250130 Fadnavis

Devendra Fadnavis, chief minister of the Indian state of Maharashtra, had "a very fruitful week" in Davos, he said of MOUs that could lead to almost $200 billion worth of investments. (Photo from X of Maharashtra's chief minister's office)

MAILYS PENE-LASSUS

PARIS -- Officials from Maharashtra wielded their state's reputation as the financial gateway to India at the World Economic Forum's annual meeting in Davos, Switzerland, signing more than 60 memorandums of understanding that could lead to hundreds of billions of dollars of investments.

"We had a very fruitful week in Davos," Devendra Fadnavis, chief minister of India's richest state, told Nikkei Asia in a recent interview in Davos. "And so far as our investment portfolio is concerned, I think we could garner something around $200 billion worth of investments in our state."

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