Major Deals with Reliance, Amazon; 15.95 Lakh Jobs to Be Created
Davos: In a historic accomplishment at the World Economic Forum in Davos, Maharashtra, under the leadership of Chief Minister Devendra Fadnavis, signed 54 Memorandums of Understanding (MoUs) amounting to a total investment of ₹15.70 lakh crore by the second day. These investments are expected to generate 15.95 lakh jobs.
The largest investment deal comes from the Reliance Group, which will invest ₹3,05,000 crore in sectors such as petrochemicals, polyester, renewable energy, bioenergy, green hydrogen, green chemicals, industrial development, retail, data centers, telecommunications, hospitality, and real estate. This single MoU is expected to generate around 3 lakh jobs. Chief Minister Devendra Fadnavis stated that most of this investment would focus on the services sector, creating significant employment opportunities. Reliance Group’s Anant Ambani said this initiative contributes to Prime Minister Narendra Modi’s vision of building a “New India” and aligns with Maharashtra’s ambition of becoming the first $1 trillion economy state.
Amazon is the second-largest investor, with a proposed ₹71,795 crore investment in data centers in the Mumbai Metropolitan Region (MMR), expected to generate 83,100 jobs.
The deals signed in the past two days ensure balanced development across the state by bringing investments to all regions. The state’s industries department signed MoUs worth ₹11.71 lakh crore, while MMRDA and CIDCO secured investments of ₹3.44 lakh crore and ₹55,200 crore, respectively.
Highlights
• Reliance Industries Ltd.: ₹3,05,000 crore investment in multiple sectors; 3 lakh jobs
• Amazon: ₹71,795 crore in MMR data centers; 83,100 jobs
• Hyundai Motors, DP World, and Tony Blair Meeting: CM Fadnavis met global leaders and CEOs, discussing potential collaborations in energy, public transport, and industrial parks.
Detailed List of Recent MoUs (Highlights)
21. CEAT
• Sector: Automobiles, EVs
• Investment: ₹500 crore
• Jobs: 500
• Region: Nagpur
22. VIT Semicons
• Sector: Electronics
• Investment: ₹24,437 crore
• Jobs: 33,600
• Region: Ratnagiri
23. Tata Group
• Sector: Multi-sector investments
• Investment: ₹30,000 crore
24. Rural Enhancers
• Sector: Healthcare and social sectors
• Investment: ₹10,000 crore
25. Powerin Energy
• Sector: Green energy
• Investment: ₹15,299 crore
• Jobs: 4,000
30. FUEL
• Sector: Skill-tech University in Pune
• Focus: Training 5,000 youths in AI, digital marketing, business analytics
January 22 Highlights
31. Reliance Industries Ltd.
• Investment: ₹3,05,000 crore
• Jobs: 3,00,000
32. Greeta Energy
• Sector: Steel and Metals
• Investment: ₹10,319 crore
• Jobs: 3,200
• Region: Chandrapur
33. Vardhan Lithium
• Sector: Lithium refinery, battery manufacturing
• Investment: ₹42,535 crore
• Jobs: 5,000
• Region: Nagpur
34. Indorama
• Sector: Textiles
• Investment: ₹21,000 crore
• Jobs: 1,000
• Region: Raigad
50. Amazon
• Sector: Data centers
• Investment: ₹71,795 crore
• Jobs: 83,100
• Region: MMRJanuary 22 Tally
• Total Investment: ₹15.70 lakh crore
• Total Jobs: 15.75 lakhs.
