Maharashtra CM seeks to attract foreign investment in the state at the World Economic Forum in Davos

The delegation is part of a team comprising six union ministers, two chief ministers led by Prime Minister Narendra Modi, and more than a hundred CEOs from various Indian companies.

The Devendra Fadnavis-led delegation, set to represent Maharashtra in the World Economic Forum (WEF) at Davos in Switzerland, started their journey on Sunday.

Maharashtra chief minister Devendra Fadnavis (HT file photo)

The chief minister, who is attending the forum for the second time in three years, intends to promote the state as the most favourable destination for investment in the country.

Fadnavis will be accompanied by Praveen Pardeshi, additional chief secretary, chief minister’s office (CMO); Bhushan Gagrani, managing director of Cidco; and Sanjay Sethi, CEO, Maharashtra Industrial Development Corporation.

The delegation will discuss investment opportunities with global giants such as Coca Cola, Deutsche Bank, and ArcelorMittal, among others.

According to the press statement made by the CMO, the WEF platform will be utilised to seek support for the ongoing infrastructure projects in Maharashtra.

Currently, infrastructure projects worth Rs5.96 lakh crore are under implementation by the state government, and account for 45% of the country’s foreign direct investment.

The delegation is part of a team comprising six union ministers, two chief ministers led by Prime Minister Narendra Modi, and more than a hundred Chief Executive Officers from various companies in India.

Fadnavis’ visit to Davos has assumed significance against the backdrop of ‘Magnetic Maharashtra’, the global investors’ summit slated to be held in Mumbai between February 18 and 20.