The Devendra Fadnavis-led Maharashtra government has signed 54 Memoranda of Understanding (MoU) worth Rs 15.70 lakh crore as of Wednesday at the World Economic Forum (WEF) in Davos, news agency ANI reported. These investments are expected to generate approximately 16 lakh jobs, according to a statement from the Chief Minister's Office (CMO).

Among the MoUs signed on Wednesday, the largest investment deal was with Reliance Group, amounting to Rs 3,05,000 crore, ANI reported. This investment will span various sectors including petrochemicals, polyester, renewable energy, bioenergy, green hydrogen, green chemicals, industrial development, retail, data centres, telecommunications, hospitality, and real estate, the statement from the CMO added.