Davos (Switzerland), 23rd May 2022: The state delegation of Maharashtra inaugurated its pavilion at Davos. The Maharashtra state is participating as a part of Team India at WEF, Davos, representing the state’s role in building the $5 trillion economy for India.

The state delegation is led by Honorable Minister of Environment & Climate Change, Shri Aaditya Thackeray, Honorable Minister of Industries Shri Subhash Desai and Honorable Minister of Energy, Dr. Nitin Raut and have been accompanied by ACS to Hon Chief Minister Shri Ashish Kumar Singh, ACS Industries Shri Baldev Singh, MD of MSEDCL, Shri Vijay Singhal, CEO of MIDC Dr P. Anbalagan amongst others.

The Annual Meeting 2022 will embody the World Economic Forum’s philosophy of collaborative, multistakeholder impact, providing a unique collaborative environment in which to reconnect, share insights, gain fresh perspectives, and build problem-solving communities and initiatives. The World Economic Forum is an yearly event, which serves as a melting pot of ideas and many important global partnerships are forged during the week-long event.

 Maharashtra had launched the Magnetic Maharashtra 2.0 program for attracting investments in the state. So far, in the 9 editions of the MM 2.0 initiative, Maharashtra, under the leadership of Hon. Chief Minister, Shri Uddhav Thackeray has been able to attract INR 1.89 lac crore in new investments in addition to an FDI of more that INR 2 lac crore, highest in India. The MIDC plans to execute the 10th edition of Magnetic Maharashtra 2.0 at the World Economic Forum.

 The state delegation has a series of high-powered meetings lined up with global CEO’s of Fortune 500 companies and hopes to mobilize huge investments in Maharashtra. Some of the key investors that the state met today are – Suntory – a global beverage company that is leading efforts in sustainable packaging; UPL, a multinational major in chemicals who are investing in 250 acres of land in Raigad district of the state, among others.

The state also signed an MoU with the Global Plastic Action Partnership (“GPAP”)and initiated the Maharashtra Plastic Action Partnership (Maharashtra PAP), which will serve as a roadmap for sustainable development in the state. Maharashtra was the first state to ban single use plastic in 2018 and has been at the forefront in sustainable development with aggressive policies and action plans to balance development and climate change.