Davos buzzed with excitement on the third day of WEF 2026 as MMRDA inked $26 billion worth of game-changing MoUs, attended by Maharashtra CM Devendra Fadnavis. These pacts with Tata Group and Switzerland underscore Mumbai’s ascent as a beacon of innovation and sustainability in India’s economic landscape.
Spotlight fell on the $11 billion Tata partnership, earmarked for an expansive AI innovation city close to Navi Mumbai’s new airport. Envisioned as a nexus of artificial intelligence, R&D, and renewable energy, it will drive multifaceted growth across core industries and tourism. Complementing this, the $15 billion India-Switzerland initiative brings Swiss precision in sustainable manufacturing and green infrastructure to the region.
MMRDA’s WEF haul hit an unprecedented $226.65 billion across 24 MoUs, eclipsing prior records and affirming the authority’s strategic prowess. This leap from last year’s $40 billion highlights accelerating investor faith in Maharashtra’s vision.
‘Maharashtra stands at the forefront of India’s next economic leap,’ asserted CM Fadnavis, framing the investments as catalysts for youth empowerment and digital acceleration. Deputy CM Eknath Shinde spotlighted the human-centric approach: ‘We’re crafting ecosystems that prioritize jobs, stability, and future-readiness.’
Dr. Sanjay Mukherjee, MMRDA’s Metropolitan Commissioner, celebrated the milestone as a historic first in the authority’s 51-year legacy. ‘From standalone infra to holistic economic hubs, these MoUs integrate global best practices for enduring impact,’ he noted. Expect ripple effects: integrated parks, superior logistics, and elevated living standards, cementing Mumbai’s global competitiveness.