The World Economic Forum’s annual summit is underway in Davos and Maharashtra’s Minister of Tourism and Environment, Aaditya Thackeray, is launching the state and a total of $4 billion in investment is believed to have been signed .
So far, about twenty Memoranda of Understanding (MOU) have been signed with companies. More than 50% of these investments go through the foreign direct investment channel from countries such as Singapore, Indonesia, the United States and Japan.
The memorandums of understanding cover various sectors, including pharmaceuticals, IT, textiles, agri-food, packaging, steel, etc.
Speaking to CNBC-TV18’s Shereen Bhan, Thackeray said, “Today we signed almost Rs 30,000 crore in MOUs. 95% of them were executed and land allocated. Work has started. These are again 24 companies spread all over the world,” he explained.
Thahackrey also spoke about working on ease of living for better cities and better rural areas.
“You need to have better cities for a better quality of life and that’s where your next business is, your next investment goes so that’s our focus. Additionally, sustainability remains a key government objective,” did he declare.
Watch the video above for the full interview