January 21, 2026, Davos, Switzerland : On the sidelines of the World Economic Forum annual meeting in Davos, the Adani Group and the Government of Maharashtra on Tuesday entered into a series of Memorandums of Understanding for projects with a total proposed investment of around Rs 6 lakh crore, marking one of the most significant investment commitments announced by a corporate group to a single Indian state.
The agreements were formalised during discussions held alongside the World Economic Forum in Davos and envisage investments to be implemented over a period ranging from seven to ten years. The proposed projects span multiple sectors, including data centres, urban infrastructure, renewable energy, semiconductor and display fabrication units, integrated townships, arena development and coal gasification.
Pranav Adani, Director of Adani Enterprises Limited, said the breadth of the investment plan reflects growing confidence in Maharashtra’s policy environment and administrative support. He noted that the state’s approach towards large-scale and long-gestation projects has made it an attractive destination for long-term capital allocation. According to him, the overall commitment of Rs 6 lakh crore, estimated at over 60 billion dollars, will be distributed across diverse sectors aligned with infrastructure development and future economic needs.
The MoUs were signed in the presence of Maharashtra Chief Minister Devendra Fadnavis, who said the agreements would lead to a substantial inflow of foreign direct investment into the state. He added that the projects are expected to generate employment on a large scale and strengthen Maharashtra’s position as a key hub for industrial, digital and energy-related development.
Officials associated with the discussions indicated that data centres and digital infrastructure would form a major part of the planned investments, reflecting India’s rapidly expanding digital economy. Pranav Adani said global companies are increasingly viewing India as a preferred location for data storage and processing, driven by rising internet penetration, growing demand for digital services and improvements in the ease of doing business. He added that these factors are positioning India, and Maharashtra in particular, to emerge as an important global centre for data infrastructure.
The investment announcements come at a time when Indian states are actively competing to attract long-term capital in sectors linked to advanced manufacturing, clean energy and digital infrastructure. The Maharashtra government believes the scale of the proposed investments will have a multiplier effect, encouraging further domestic and international interest in the state’s economic ecosystem.
