Maharashtra Chief Minister Devendra Fadnavis oversaw the signing of MoUs worth ₹14.5 lakh crore at the World Economic Forum Davos 2026, spanning artificial intelligence, quantum computing, digital infrastructure, fintech, electric vehicles, real estate, and education. The landmark agreements position Maharashtra as India’s leading FDI destination while establishing the Mumbai Metropolitan Region (MMR) as a premier technology and hyperscale hub.
The single largest commitment comes from Lodha Group’s ₹1 lakh crore data center investment, building on their previous ₹30,000 crore commitment under Maharashtra’s Green Integrated Data Centre Park policy. This ₹1.3 lakh crore total investment will develop a massive 2.5 gigawatt data center park in MMR’s Palava region, positioning it as India’s largest hyperscale facility and creating over 16,000 direct and indirect jobs.
Lodha’s Hyperscale Vision Anchors MMR’s Digital Transformation
Lodha Developers MD and CEO Abhishek Lodha confirmed the park will achieve Tier III+ certification with advanced liquid cooling systems and renewable energy integration, specifically optimized for AI inference workloads and NVIDIA H100/B200 GPU clusters. Amazon has already secured land and power arrangements for 15 years, while Singapore-based STT Global Data Centres has acquired its parcel, validating the project’s global appeal.
The facility targets enterprise GenAI deployment, sovereign cloud services, and edge computing for financial services requiring sub-5ms latencies. Maharashtra’s 2024 Green Data Centre policy provides 100% renewable power mandates, stamp duty exemptions, and single-window clearances, making MMR competitive with global Tier-1 markets.
Strategic Technology Ecosystem Takes Shape
Alta Capital-Panchshil Realty joint venture commits ₹2.28 lakh crore for mixed-use digital campuses incorporating GPU-as-a-Service colocation and AI PaaS platforms tailored for enterprise adoption.
SBG Group’s ₹1.82 lakh crore logistics investment includes edge data centers optimized for real-time analytics and supply chain AI applications supporting MMR’s multimodal connectivity.
K Raheja Corp (₹91,000 crore) develops AI-ready office parks with embedded high-performance computing facilities, while Japanese Sumitomo Realty (₹72,800 crore) contributes precision manufacturing for data center infrastructure components.
Also read: Ashwini Vaishnaw: India Eyes $150B AI Infrastructure Investments by 2026 End
Global Partnerships Enhance Technology Leadership
IISM Global’s ₹72,800 crore commitment focuses on quantum-secure networking solutions ensuring data sovereignty compliance, complementing Surjagad Ispat’s ₹20,000 crore steel plant supplying server-grade materials for MMR facilities.
Yoki Green Energy (₹4,000 crore) guarantees renewable power backing, while global knowledge partners JICA (Japan), Sembcorp (Singapore), and Technical University Munich collaborate with MMRDA on smart infrastructure development.
Fadnavis emphasized the “Third Mumbai” vision: “These investments create multiplier effects across construction, education, and pharmaceuticals, positioning Maharashtra as India’s preeminent AI compute destination within the national $150 billion pipeline.”
Proven execution: 2025’s ₹15.7 lakh crore MoUs generated ₹9.22 lakh crore in active projects; 2024’s ₹3.1 lakh crore saw ₹2.13 lakh crore underway, demonstrating Maharashtra’s investment realization leadership.
