Maharashtra Chief Minister Devendra Fadnavis on Friday said out of more than Rs 15 lakh crore worth of investment proposals for the state signed at the World Economic Forum in Davos last month, memoranda of understanding (MoUs) worth Rs 5 lakh crore were for Vidarbha alone.
Speaking at the ‘Advantage Vidarbha’ conclave, Fadnavis rubbished allegations that often MoUs do not result in actual investments, claiming the actual investment percentage in Maharashtra is 75 per cent to 90 per cent.
He said of more than Rs 15 lakh crore worth of MoUs inked at Davos, investments of Rs 5 lakh crore were for Vidarbha alone, including Rs 3 lakh crore by JSW Group, and the remaining Rs 2 lakh crore by Kalyani Group, CEAT, Vardhaan, EEL, Vaari and other corporates, in various sectors, including emerging technologies.