Davos: Raigad-Pen Growth Center Announced, 1 Lakh Crore Investment Expected

• CM Fadnavis announced the Raigad-Pen Growth Center in Third Mumbai, projecting an investment of 1 lakh crore rupees.
• Strategic MoUs were signed with global universities and organizations for urban planning, transport, and technology.
• Discussions focused on MedTech cooperation to enhance healthcare access and create a startup ecosystem in Maharashtra.
• The new business district will operate on a PPP model, offering 'plug and play' facilities and high-paying jobs.
• CM Fadnavis met with World Bank President Ajay Banga, Hyundai President Sung Kim, and other global leaders to attract investments and discuss collaborations.

Why It Matters: Maharashtra secured significant investments and partnerships at Davos for urban development, healthcare, and green initiatives.