Similarly, Solar and Electronic Materials has sought to invest INR 5,000 crore.The Maharashtra government, on third day of the WEF annual meeting in Davos, signed pacts with companies worth more than INR 9 lakh crore. With deals worth INR 6.25 lakh crore signed on Tuesday, total investments are at a record INR 15.70 lakh crore. A big chunk of the investment pledge has come from Reliance Industries. It has expressed intention to pump INR 3 lakh crore in the state. Reliance will be investing in petrochem, polyester, renewable energy, bio-energy, green hydrogen, industrial area development, green chemicals, retail, data centres, hospitality and real estate. The Tata Group has also promised to invest INR 30,000 crore in multiple sectors in the state.
Most of the committed investments in Maharashtra are likely to be in energy, green energy, renewable and EV sectors. For instance, while Ceat is keen to invest INR 500 crore in automotive and EV sector, Olectra EV too has signed up pact to invest INR 3,000 crore. Powerin Urjaa will invest INR 15,299 crore in setting up a green energy plant. United Phosphorus has committed INR 6,500 crore and Open Origin will invest INR 15,000 crore in green energy. Similarly, Solar and Electronic Materials has sought to invest INR 5,000 crore.>
