Maharashtra delegation opens pavilion at WEF 2022 in Davos

Maharashtra delegation opens pavilion at WEF 2022 in Davos

On Sunday, the state delegation of Maharashtra opened its pavilion at the World Economic Forum Annual Meeting 2022 in Davos. The delegation is representing India's role in building the $5 trillion economy.

The state delegation is led by Maharashtra's Minister for Environment Climate Change, Aaditya Thackeray, Minister of Industries Subhash Desai and Minister of Energy, Nitin Raut. The ministers were accompanied by ACS to Chief Minister Ashish Kumar Singh, ACS Industries Baldev Singh, MD of MSEDCL, Vijay Singhal, CEO of MIDC Dr P. Anbalagan and others.

The 10th edition of Magnetic Maharashtra 2.0 is planned for the World Economic Forum in 2022, according to the Maharashtra Industrial Development Corporation. In 2020 CM Uddhav Thackeray launched the Magnetic Maharashtra 2.0 program to attract investments in the state. In 9 editions of the MM 2.0 initiative, Maharashtra has been able to attract 1.89 lakh crore in new investments in addition to an FDI of more than 2 lakh crore.

The state delegation has a series of high-powered meetings lined up with the CEOs of Fortune 500 companies. The delegation hopes to mobilise huge investments in Maharashtra.

Some of the investors the state met on Sunday are Suntory - a global beverage company that is leading efforts in sustainable packaging, UPL, a multinational company in chemicals who are investing in 250 acres of land in the Raigad district of the state, among others.

On the first day of WEF 2022, Maharashtra signed an MoU with the Global Plastic Action Partnership GPAP and started the Maharashtra Plastic Action Partnership Maharashtra PAP. The plan is expected to serve as a roadmap for sustainable development in the state.

By joining the Global Plastic Action Partnership, Maharashtra, India's largest state in terms of GDP, aims to improve its commitment to curbing plastic pollution, increase its ambition, and ensure accountability and inclusion throughout the value chain.

The annual meeting of WEF is set to take place after the world has been battered by the COVID -- 19 Pandemic for two years. The international forum said that the meeting will bring together nearly 2,500 leaders and experts from around the world who are committed to the Davos Spirit of improving the state of the world.