Mumbai: Maharashtra has taken a decisive step toward strengthening its dominance in India’s digital economy by entering into a massive investment agreement with Lodha Developers Ltd. at the World Economic Forum (WEF) 2026 in Davos. The state government signed a Memorandum of Understanding (MoU) worth ₹1 lakh crore, signalling a long-term commitment to building next-generation digital infrastructure.
The agreement was finalised during an official engagement at the Maharashtra Pavilion in Davos, in the presence of Chief Minister Devendra Fadnavis and Lodha Group Managing Director and CEO Abhishek Lodha. Senior officials from the state’s industries and urban development departments were also part of the high-level interaction.
Under the MoU, the proposed investment will be channelled into the Information Technology and IT-enabled Services (IT-ITeS) sector, with a strong emphasis on setting up large-scale, advanced data centres across the Mumbai Metropolitan Region (MMR). These facilities are expected to form the backbone of India’s rapidly expanding digital ecosystem, supporting cloud services, artificial intelligence platforms, fintech operations, and global data storage requirements.
Officials said the project will leverage Maharashtra’s progressive policies, including its Green Integrated Data Centre framework, which encourages energy-efficient design, renewable power usage, and sustainable operations. The upcoming data centre parks are planned to meet international standards, positioning MMR as a preferred destination for global technology companies seeking reliable and secure digital infrastructure.
Beyond infrastructure, employment generation remains a key highlight of the deal. The investment is projected to create nearly 1.5 lakh jobs over the coming years, ranging from high-skilled technical roles to indirect opportunities in maintenance, logistics, security, and allied services. The state government believes this will significantly boost the regional economy and attract a skilled workforce from across the country.
For the Lodha Group, the project marks a strategic expansion beyond its traditional real estate portfolio into the high-growth digital infrastructure domain, reflecting a broader shift among Indian conglomerates toward technology-driven assets.
The MoU with Lodha Developers was part of a larger success story for Maharashtra at Davos 2026, where the state secured investment commitments worth several lakh crore rupees across sectors such as technology, renewable energy, manufacturing, and urban infrastructure.
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