Chief minister Devendra Fadnavis is leading a delegation to the United States to ink a major memorandum of understanding (MoU) with Oracle, a multinational computer technology corporation, in California. The delegation is also expected to meet executives from leading IT companies during the four-day visit.
According to the officials from Mantralaya, the visit scheduled between September 18 and 22 would witness signing of that would ensure huge investment by the IT giant. The agreement is being seen as one of the largest investments that the Fadnavis government has attracted in its two-year stint. “It is probably larger than the investment agreement with the electronic manufacturing giant Foxconn, which signed the MoU for the investment of 5 billion USD in August last year,” an official said.
Vijay Kumar Gautam the principal secretary of Information Technology and Kaustubh Dhawase, the officer on special duty in CMO, will accompany the Fadnavis on the tour.
This will be the 8th foreign tour and second US tour of the CM-led delegation intended at attracting investment into the state. Fadnavis has toured Switzerland, Germany, Japan, Israel, China and Russia since October 2014.