MoUs worth ₹70,000 crore signed on day 1 at Davos

Maharashtra govt signed MoUs worth ₹70,000 crore on first day of CM Eknath Shinde's visit to Davos. Includes ₹41,000 crore electronic system project with Jindal group, ₹25,000 crore green hydrogen project with Inox air production, and ₹4,000 crore AI hub with Prediction.

Mumbai: The Maharashtra government signed three MoUs worth ₹70,000 crore on Tuesday, the first day of chief minister Eknath Shinde’s visit to Davos in Switzerland. They included an MoU with the Jindal group for a ₹41,000 crore electronic system project, which will provide employment to 5,000 people; an MoU with the US-based Inox air production for a green hydrogen project worth ₹25,000 crore; and a ₹4,000 crore MoU between the state-owned Mahatma Phule Renewable Energy & Infrastructure Technology Limited and Prediction, an American company, to set up an artificial intelligence (AI) hub. Industries minister Uday Samant was present during the MoU signing function.

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