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Deputy CM Eknath Shinde expressed gratitude towards Prime Minister Narendra Modi and CM Devendra Fadnavis for their vision and support, stating that under their leadership, Maharashtra is becoming a global investment hotspot and a driving force behind India’s $5 trillion digital economy ambition In a landmark development for Maharashtra, the Mumbai Metropolitan Region Development Authority (MMRDA) signed Memoranda of Understanding (MoUs) worth a staggering Rs 4.07 lakh crore in a single day. Deputy chief minister Eknath Shinde hailed the occasion as historic, marking it as the largest-ever MoU signing in the country’s infrastructure sector.
Speaking at the India Global Forum 2025 event held at the Jio World Centre, Shinde said the agreements would significantly accelerate the pace of infrastructure development in the Mumbai Metropolitan Region (MMR). The MoUs have been signed with major central public sector undertakings, including REC Limited, Power Finance Corporation, HUDCO, Indian Railway Finance Corporation, and NABFID, among others. What makes these MoUs more significant is that they involve Miniratna, Navratna, and Maharatna companies, ensuring high credibility and execution potential.
“These strategic collaborations will give a massive push to development in Mumbai and its surrounding areas," Shinde noted. In the last three years alone, Maharashtra has attracted MoUs worth Rs 20 lakh crore during the World Economic Forum at Davos, with MMRDA alone accounting for Rs 3.5 lakh crore this year.
The deputy CM also stated that Maharashtra is creating a favourable environment for investment through world-class infrastructure, skilled manpower, and efficient governance. The forum also emphasised India’s rise as a Global Capability Center (GCC) hub, with over 1,500 GCCs currently operating in cities like Bengaluru, Hyderabad, Pune, and Gurugram. Global giants like Google, Amazon, Goldman Sachs, and JP Morgan have established their capability centres in India.
A new GCC has also been inaugurated in Pune, further enhancing opportunities for skilled Indian youth. Shinde projected that MMR alone aims to achieve a GDP of $300 billion by 2030, for which investments of at least $135 billion are essential. This growth is expected to generate 28 to 30 lakh new jobs.
He also stressed that sectors like AI, robotics, data analytics, semiconductors, health tech, and edtech will be key growth drivers in Maharashtra. Deputy CM Shinde expressed gratitude towards Prime Minister Narendra Modi and CM Devendra Fadnavis for their vision and support, stating that under their leadership, Maharashtra is becoming a global investment hotspot and a driving force behind India’s $5 trillion digital economy ambition..
