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Maha govt signs 31 MoUs for investment proposals worth Rs 6,25,457 crore at Davos

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Mumbai, Jan 22: The Maharashtra government has signed a record 31 MoUs with investment proposals worth Rs 6,25,457 crore in the field of steel, metals, renewable energy, infrastructure, cement, Lithium-Ion Batteries and Solar Modules on the sidelines of World Economic Forum summit at Davos.

The MoUs were signed on Tuesday in the presence of Chief Minister Devendra Fadnavis and senior government officers.

CM Fadnavis said, “The MoU signed today paves the way for Maharashtra’s comprehensive growth and development.” He further stated that this marks a new record for securing such a significant investment amount in a single day. Similarly, several investment agreements are expected on the second day as well.

Of the Rs 6,25,457 crore, JSW will invest a record Rs 3 lakh crore for Maharashtra’s Green Transformation and Tata Group will also make an investment of Rs 30,000 crore in multiple sectors.

The Chief Minister met with key executives of several companies and invited them to invest in Maharashtra. Among these, Tata Group Chairman N. Chandrasekaran held discussions with CM Fadnavis during which it was confirmed that the Group would invest Rs 30,000 crore in the state. The CM also met Carlsberg Group CEO Jacob Aarup-Andersen, who expressed interest in investing in Maharashtra.

The Chief Minister assured him of full cooperation for the group’s plans. Additionally, M.A. Yusuff Ali, Managing Director of the Lulu Group, conveyed interest in investing in Nagpur and expanding operations in Maharashtra.

CM Fadnavis held discussions with ReNew Power Chairman and CEO Sumant Sinha about a 15,000 MW pipeline and wind energy projects in the Beed district. Schneider Electric India’s Managing Director and CEO Deepak Sharma also met the Chief Minister. Discussions included the use of AI in the energy sector and strengthening ITIs in the state with assistance from the World Bank. Expansion plans in Ahilyanagar and Nashik were also hinted at. Mastercard APAC President Ling Hai held talks with CM Fadnavis, while Louis Dreyfus Company CEO Michael Gelchie discussed opportunities in agriculture, food processing, international shipping, and financial sectors. Emphasis was placed on enhancing collaboration in agriculture. The CM also met Cognizant CEO Ravi Kumar S. and discussed potential investments and opportunities.

“The series of meetings highlighted Maharashtra’s focus on attracting substantial global investments and fostering economic development,” said the Chief Minister’s Office in a release.

CM Fadnavis in his post on X said, “Extremely happy to witness the historic Rs 3,00,000 crore MoU signing between Govt of Maharashtra & JSW Group, with an employment generation of 10,000 in the regions of Chhatrapati Sambhajinagar, Gadchiroli, and Nagpur. Very much thankful to Sajjan Jindal ji for being a part of this historic moment at Davos, which will give a huge boost to Maharashtra’s industrial environment. It will give a big boost to Maharashtra’s industrial environment. The areas of this investment like Renewable Energy, Infrastructure, Cement, Lithium-Ion Batteries, and Solar Modules will play a huge role in our mission ‘Green Maharashtra.”

The government signed an MoU with Waaree Energy with a total investment of Rs 30,000 crore in green energy and solar components. it will create 7,500 jobs. The company chairman Hitesh Joshi was present.

The government inked an MoU with Blackstone-Panchshil Realty for an investment of Rs 25,000 crore for the development of the data centre. It will generate 500 jobs. Further, Blackstone will invest Rs 25,000 crore in Information Technology in the Mumbai Metropolitan Region. It will create 1,000 jobs.

The government inked an MoU with Erulearning Solutions for an investment worth Rs 20,000 crore in education. The government signed an MoU with ZR2 Group for investment worth Rs 17,500 crore in automobiles and EVs in Pune region to generate 4,000 jobs.

The state government and Balasore Alloys Ltd signed an MoU for investment of Rs 17,000 crore in steel and metals. The venture will generate 3,200 jobs. The company was represented by Satish Kaushik at the time of the signing of the MoU.

The state government and Reliance Infrastructure Ltd signed an MoU for investment worth Rs 16,500 crore in the defence sector. It will generate 2,450 jobs. The company was represented by Sateesh Seth.

Powerin Urjaa will invest Rs 15,299 crore in green energy and generate 4,000 jobs. Open Origin India Inc will invest Rs 15,000 crore in green energy to create 1,000 jobs.

Viraj Profiles Pvt Ltd and the state government inked an MoU for the investment of Rs 12,000 crore in steel and metals to generate 3,500 jobs. Neeraj Raja Kochhar, Chairman and MD of Viraj Profiles was present at the time of the signing of the MoU.

Avani Power Batteries will make investment of Rs 10,521 crore in electronics to generate 5,000 jobs in Chhatrapati Sambhajinagar. H2e Power will invest 10,750 crore in green energy to create 1,850 jobs in Pune region.

The government signed an MoU with Rural Enhancers for investment worth Rs 10,000 crore in social sectors including hospitals.

The government inked an MoU with Welspun for an investment worth Rs 8,500 crore in logistics to generate 17,300 jobs.

Essar in partnership with Blue Energy will invest Rs 8,000 crore in green energy to create 2,000 jobs.

Further, United Phosphorus will make an investment of Rs 6,500 crore in green energy to generate 3,000 jobs. The government signed an MoU with Olectra EV for investment worth Rs 3,000 crore in automotive and EV to generate 3,000 jobs.

Kalyani Group will invest Rs 5,250 crore in defence, steel and EV. It will create 4,000 jobs. The MoU was signed in the presence of CM Fadnavis and Vice-Chairman & Joint MD of Bharat Forge Limited Amit Kalyani. “Thank you Amit Kalyani for joining this MoU signing at Davos! This investment is special because it is coming to Gadchiroli, which will give better lives to so many,” said the chief minister.

Gensol will invest Ra 4,000 crore in electronics in Chhatrapati Sambhajinagar to create 500 jobs. The government inked an MoU with & El Mont for the investment of Rs 2,000 crore in infrastructure. It will generate 5,000 jobs. The company director Kabir Bhandari was present.

BookMyShow will invest Rs 1,700 crore in the entertainment sector to generate 500 jobs. Further, the government signed an MoU with Tembo for an investment worth Rs 1,000 crore in the defence sector. It will create 300 jobs. The company director Shabbir Merchant was present on the occasion.

The government also inked an MoU with AB InBev in the F&B segment for investment worth Rs 750 crore. Kartikeya Sharma, President, India & South East Asia of AB InBev was present on the occasion.

Moreover, the government inked an MoU with CEAT Limited for investment worth Rs 500 crore in automotive and EC to generate 500 jobs.

Bisleri International will invest Rs 250 crore in food and beverages in the Mumbai Metropolitan Region to create 600 jobs. The MoU signed paves the way for Maharashtra’s comprehensive growth and development.

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Crime

Bengaluru: Nursing student raped by PG owner after confessing to theft; accused held

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5 hours ago

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June 25, 2025

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Bengaluru, June 25: An incident has been reported from Bengaluru on Wednesday where a nursing student was allegedly raped by the owner of a paying guest (PG) accommodation after she confessed to a theft, officials said.

The police have arrested the accused.

The arrested person has been identified as 35-year-old Ravi Teja Reddy, the owner of the PG facility.

According to the police, Reddy raped the 21-year-old woman after she admitted to stealing three gold rings from another girl residing in the same PG.

Following the victim’s complaint, Reddy has been booked for rape and taken into police custody.

The victim, a nursing graduate from Andhra Pradesh, had joined the PG only a week prior to the incident and was searching for a job, the police said.

Investigations revealed that the victim had allegedly stolen three gold rings from another PG inmate.

She had also disconnected the CCTV camera wire during the theft.

However, she asked another inmate whether the CCTV footage would still be recorded despite the wire of the CCTV camera being cut.

This conversation was shared with Reddy, which raised his suspicion on the nurse.

Reddy then summoned the victim for questioning and threatened to hand her over to the police.

The girl reportedly confessed to the theft, after which Reddy instructed his aides to retrieve the hidden valuables, police added.

When the victim pleaded with Reddy to forgive her and not to inform the police, he allegedly slapped her and sexually assaulted her.

Initially hesitant to file a complaint, the victim later confided in a male friend.

The friend then contacted a city-based advocate, who helped lodge a formal complaint with the police.

Based on the complaint, the police sent the victim for a medical examination and arrested the accused.

Reddy has been booked under Sections 64(1), 74, and 75(1) of the Bharatiya Nyaya Sanhita (BNS) Act.

In her complaint, the victim said that Reddy initially touched her private parts under the pretext of checking her.

When she resisted, he allegedly forced her to perform oral sex.

The FIR further mentions that the victim, unable to control her urge to vomit after the assault, ran to the restroom.

Reddy followed her and allegedly forced her to have unnatural sex again.

The victim also said that Reddy later threatened her not to reveal the incident to anyone.

It was only after the victim’s friends came to her support that she gathered the courage to file a complaint.

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International

South Korea welcomes Israel-Iran ceasefire, commends US’ diplomatic efforts

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5 hours ago

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June 25, 2025

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Seoul, June 25: The South Korean Foreign Ministry on Wednesday welcomed the announcement of a ceasefire between Israel and Iran and praised the diplomatic efforts led by the US and other involved countries.

“We hope that all parties will faithfully implement the terms of the agreement so that tensions in the region can be eased swiftly,” the ministry said in a statement.

As a non-permanent member of the UN Security Council, South Korea “will continue to participate in the international community’s efforts to promote peace and stability in the Middle East,” Yonhap news agency reported.

Earlier on Tuesday, US President Donald Trump declared that a ceasefire between Iran and Israel had officially taken effect, urging both sides to maintain restraint.

“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES!” Trump posted on the social media platform Truth Social.

The announcement came amid escalating violence in the Middle East, but President Trump’s declaration appeared to catch both parties off guard. The ceasefire claim was quickly contradicted by Iran, which asserted it had not received any formal proposal from Washington and had not agreed to a bilateral ceasefire.

US President Trump also wrote, “Israel & Iran came to me, almost simultaneously, and said, ‘Peace’! I knew the time was NOW. The World, and the Middle East, are the real winners!”

“Both Nations will see tremendous love, peace and prosperity in their futures. They have so much to gain, and yet, so much to lose if they stray from the road of righteousness and truth. The future for Israel & Iran is unlimited and filled with great promise. God bless you both!” he added.

Earlier, Iran announced a unilateral halt to its military operations against Israel, effective 4 a.m. local time, but made it clear that the pause was conditional, based entirely on whether Israel would stop its own airstrikes and military actions.

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Crime

PFI had ‘hit list’ of 950 in Kerala including judge, reveals NIA probe

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6 hours ago

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June 25, 2025

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Kochi, June 25: In a startling revelation made by the National Investigating Agency (NIA), it has surfaced that the banned Popular Front of India (PFI) had prepared a hit list of 950 people in Kerala.

The list, which surfaced in the media on Wednesday, included a now-retired district judge.

Incidentally, this list was submitted early this month by the NIA at a special court here when the bail applications of four accused in the murder of RSS leader Sreenivasan came up for hearing. The NIA opposed the bail strongly. The four accused, identified as Muhammad Bilal, Riyasudheen, Ansar K.P. and Saheer K.V., were arrested for murdering Sreenivasan at Palakkad, Kerala, in 2022.

The list of 950 was compiled after getting confirmed inputs from different places by the NIA probe team. It includes eight documents seized from the 51st accused, Sirajudheen, which contain a list of 240 people from other communities.

Then, while conducting a search held at Periyar Valley Campus at Aluva, NIA was able to get the details of five targeted persons from the purse of the 15th accused, Abdul Wahad, who is presently on the run.

It was in this list that the name of a former district judge was found.

Another document seized from an accused, who turned approver later, contained a hit list with the names of 232 people.

Similarly, a search held at the home of the 69th accused, Ayoob, a hit list containing the names of about 500 people was found.

When the NIA was probing the Sreenivasan case, the PFI link emerged. It was later found that PFI had sinister plans to create unrest in the country.

During the investigation, the anti-terror agency got details of the PFI carrying out physical and arms training for its cadres.

The NIA has now claimed that it has voice clips and witness statements that reveal the ‘India 2047 plan’ of setting up Islamic rule in India.

The special court, after hearing both sides and going through the documents produced before it, observed that there were reasonable grounds for believing that the accusation against the petitioners was prima facie true, and rejected the bail petition.

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