Shiv Sena (UBT) leader Aaditya Thackeray on Friday said that only 11 of the 54 companies with which Maharashtra government signed Memoranda of Understanding (MoU) in Davos during the World Economic Forum are foreign, while the remaining 43 are Indian.

According to news agency PTI, while addressing a press conference in Mumbai, Thackeray said Chief Minister (CM) Devendra Fadnavis could have balanced the signing of MoU with meetings with heads of state and federal governments as well as social entrepreneurs instead of spending Rs 20-25 crore on the Davos trip.