The World Economic Forum 2026 witnessed a monumental achievement as MMRDA formalized $26 billion in MoUs right in Davos, with Maharashtra Chief Minister Devendra Fadnavis present. These strategic alliances with Tata and Switzerland propel the Mumbai metropolitan area toward a future-proof economic powerhouse.
Breaking it down, the Tata Group’s $11 billion commitment fuels an AI-centric innovation city near Navi Mumbai International Airport, spanning tech innovation, advanced manufacturing, and eco-friendly energy solutions. The India-Switzerland $15 billion pact, meanwhile, champions sustainable industrial hubs infused with Swiss know-how in innovation and infrastructure.
This caps MMRDA’s record-breaking WEF performance: $226.65 billion total from 24 MoUs, a quantum jump from $40 billion last year. No semi-government body has ever secured such commitments in one forum session, showcasing MMRDA’s visionary execution.
CM Fadnavis painted a vivid picture: ‘These $26 billion aren’t mere structures—they invest in our people’s potential and Maharashtra’s global pivot.’ Chairman Eknath Shinde reinforced: ‘Global partners endorse our rebuild vision, opening doors to jobs and resilient economies.’
Metropolitan Commissioner Dr. Sanjay Mukherjee highlighted the evolution: ‘In 51 years, nothing matches this FDI breakthrough. We’re pivoting to purpose-driven ecosystems linking AI, logistics, and tourism for quality employment and superior quality of life.’ The roadmap promises competitive edges in sustainability and innovation, redefining Mumbai’s trajectory.