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Maharashtra Chief Minister Devendra Fadnavis meets Head of Urban Transformation and Member of the Executive Committee, World Economic Forum, Jeff Merritt, on the sidelines of the World Economic Forum Annual Meeting, in Zurich, Switzerland, on January 20, 2026. Photo: X/@Dev_Fadnavis via PTI
Announcing details, the State said these MoUs are across sectors and underscore strong global confidence in Maharashtra’s consumer markets, infrastructure readiness, and long-term growth fundamentals.
World Economic Forum 2026 updates on January 20
Soon after inaugurating the State pavilion, Chief Minister Devendra Fadnavis said the State is getting good response from investors and even the development of ‘third Mumbai’, being undertaken by his government, is seeing a lot of interest.
Throughout the day, the Chief Minister held a series of business-to-government meetings with global giants, including Coca-Cola, Antora Energy, and Brookfield, which operate across various sectors such as consumer goods, beverages, hospitality, logistics, urban development, green steel, and digital infrastructure.
He was joined by the Minister for Industries Uday Samant and senior officials.
Congress slams Maharashtra government
The Congress on Tuesday (January 20) criticised the Maharashtra Government over the MoUs signed at the World Economic Forum (WEF) in Davos, questioning the reason behind going abroad to ink deals with Indian companies.
Speaking to reporters in Nagpur, Congress leader Vijay Wadettiwar said, “If Indian companies are going abroad to sign agreements, what is the benefit? Will foreign companies actually invest in Maharashtra?” Congress MP Varsha Gaikwad also criticised the State Government over the MoU it signed with Lodha Developers in Davos, saying the deal could have been signed at the government’s Sahaydri Guest House, the State secretariat or the real estate company’s office.
“Like every year, this year too, a whole entourage has accompanied Chief Minister Fadnavis to Davos to sign MoUs, the majority of them with Indian companies. Last year, MoUs were signed with the Hirandanani and Raheja Groups in Davos, when both these firms are based in Mumbai. Why is the taxpayers’ money wasted this way?” she said.
Published – January 20, 2026 10:59 am IST
