Deputy CM Eknath Shinde hails it as India’s largest infrastructure agreement
Mumbai : Calling it a “historic day for Maharashtra”, Deputy Chief Minister Eknath Shinde announced that the Mumbai Metropolitan Region Development Authority (MMRDA) has signed Memorandums of Understanding (MoUs) worth ₹4.07 lakh crore, making it the largest such agreement ever signed in the country.
Speaking at the India Global Forum 2025 held at the Jio World Centre, Shinde said that these MoUs will give a major boost to infrastructure development across the Mumbai Metropolitan Region (MMR).
The signing ceremony was attended by Chief Minister Devendra Fadnavis, along with key officials from public sector enterprises including HUDCO, REC Limited, Power Finance Corporation (PFC), Indian Railway Finance Corporation (IRFC), and NaBFID. Also present were industry leaders like Abhijit Bhattacharya of Magnum Ice Cream and P. Anbalagan, Principal Secretary (Industries).
“These agreements with ‘Mini Ratna’, ‘Navratna’, and ‘Maharatna’ companies are not only prestigious but also a powerful signal of confidence in Maharashtra’s infrastructure potential,” said Shinde.
Over the past three years, Maharashtra has signed investment MoUs worth over ₹20 lakh crore during the World Economic Forum in Davos. Of this, MMRDA alone signed MoUs worth ₹3.5 lakh crore, many of which are already being executed.
Highlighting India’s growing position as a Global Capability Centre (GCC) hub, Shinde noted that more than 1,500 GCCs operate in cities like Bengaluru, Hyderabad, Pune, and Gurgaon — hosting giants like Google, Amazon, Goldman Sachs, and JP Morgan. A new GCC in Pune is expected to create significant employment opportunities and global exposure for Indian talent, he added.
Shinde stated that the MMR region aims to reach a GDP target of $300 billion by 2030, requiring investments worth $135 billion, which could generate over 28–30 lakh jobs.
“The state has created an investor-friendly ecosystem with world-class infrastructure, skilled manpower, and strong governance. Maharashtra is now the preferred destination for both global and domestic investors,” Shinde said, citing growth sectors like electric mobility, logistics, semiconductors, AI, health-tech, and ed-tech.
He concluded by expressing gratitude to Prime Minister Narendra Modi and CM Fadnavis for their leadership and vision, stating, “All these initiatives will strengthen India’s $5 trillion digital economy vision. Maharashtra remains open and welcoming for future investments.”
