India garners Rs 20 lakh crore in investment commitments at Davos
- In Reports
- 07:27 PM, Jan 25, 2025
- Myind Staff
During the five-day World Economic Forum (WEF) Annual Meeting, Indian leaders voiced that global leaders laid noticeable trust in India, a sentiment reflected in investment commitments surpassing Rs 20 lakh crore. Maharashtra received the largest share, accounting for nearly 80 per cent of the total investments.
Union Minister Ashwini Vaishnaw, who led India's largest-ever delegation of five Union ministers and several state leaders, including three chief ministers, emphasised that trust and talent were the key factors driving global interest in India.
All states and central government departments joined under two India Pavilions for the first time. A joint press conference was held with ministers from state and Union governments, representing six different political parties, to present a unified "Team India" front.
"We are in Davos at a very important juncture in our global geopolitical and geoeconomic scenario. Despite all the disruption and all the issues the world is facing, India has emerged as a very trusted country which respects IP rights, a country where democracy is vibrant," said Vaishnaw. "We have clearly demonstrated to the world that under all circumstances, this is the country which believes in peace, growth for everybody and inclusive development," he further said.
The Maharashtra delegation, led by Chief Minister Devendra Fadnavis, signed 61 memorandums of understanding (MoUs) valued at Rs 15.70 lakh crore, expected to create 16 lakh job opportunities.
The Telangana delegation, headed by Chief Minister Revanth Reddy, secured 20 MoUs worth Rs 1.79 lakh crore, focusing on data centres, green energy, and advanced technologies. These investments are anticipated to generate around 50,000 jobs.
Kerala highlighted its transformation into an industrial hub driven by progressive government policies. Kerala Industries Minister P Rajeeve conducted over 30 one-on-one meetings at the Invest Kerala Pavilion, showcasing the state's diverse investment potential across various sectors.
Uttar Pradesh presented its ambitious goal of becoming a USD 1 trillion economy, securing significant investment commitments worth thousands of crores.
Union Minister Chirag Paswan shared that the global beverage leader AB InBev revealed plans to invest USD 250 million in India's beverage sector across several states.
Unilever, the multinational FMCG company operating as Hindustan Unilever in India, also disclosed intentions to set up two new manufacturing units in Telangana.
In addition, numerous other international companies showed interest in forming partnerships with Indian businesses, represented by over 100 CEOs and top executives from the country.
The next World Economic Forum Annual Meeting will be held in Davos from January 19-23, 2026.
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