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Min: 85% of MOUs inked at Davos being implemented

Min: 85% of MOUs inked at Davos being implemented

Time of India07-07-2025
Mumbai: Industries minister Uday Samant on Monday said implementation is underway of 85-87% of the Rs 15.7-lakh crore MOUs signed by the state govt at the World Economic Forum in Davos in Jan, making Maharashtra among the most favoured investment destinations.
"We have allotted land in 15 MoUs. Land will be allotted to seven companies in the next few days. Twenty companies didn't like the land we offered them. So, we are offering them other parcels of land as 'pass through'. Of the total MoUs, only four are not in the initial stage," he said in the assembly. He said the projects are expected to generate 16 lakh jobs.
Officials said 85% of the MoUs have been converted into actual investments; India's average stands at 40%.
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CM Devendra Fadnavis, who had led the state's delegation to Davos, said 61 MoUs—54 investment proposals and seven strategic cooperation agreements—were signed. The sectors include AI, data, green energy, and water conservation.
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