Maharashtra Chief Minister Devendra Fadnavis attended the World Economic Forum (WEF) in Davos, Switzerland and met Ajay Banga, the President of the World Bank.
Fadnavis took to X to say that he met World Bank President Ajay Banga to discuss plans for building a green industrial corridor in Maharashtra aimed at attracting global companies, along with initiatives to digitise small and medium enterprises (MSMEs) to help them compete more effectively and boost exports. The discussions focused on driving long-term economic growth and sustainable development for the state.
Fadnavis also met Carlsberg CEO Jacob Aarup-Andersen. During the meeting, the Carlsberg chief appreciated Maharashtra for its business-friendly environment and ease of doing business. He also said that Carlsberg plans to increase its investment in the state.
At the World Economic Forum, the Mumbai Metropolitan Region Development Authority (MMRDA) achieved a big success by securing investment commitments worth USD 96 billion (around Rs 8.73 lakh crore) on the first day itself. This happened through the signing of 10 major agreements, giving a strong push to development in the region. These investments are expected to create around 9.6 lakh jobs and help make the Mumbai region a major centre for talent and business, not just in India but across Asia. Maharashtra used the Davos summit to attract massive global investments, create jobs, boost green and digital growth, and strengthen Mumbai’s position as a world-class economic hub.
Fadnavis highlighted that the recent deals show that investors from around the world have confidence in Maharashtra. He said these agreements will help develop “Mumbai 3.0,” a modern, high-tech version of the city. Overall, these steps are helping Maharashtra grow its economy and move closer to reaching a size of USD 1 trillion.
The World Economic Forum (WEF) 2026 is being held in Davos, Switzerland, from January 19 to 23. Around 3,000 leaders from more than 130 countries are taking part. This year, the event’s theme is “A Spirit of Dialogue.”
