The Maharashtra government signed a Memorandum of Understanding (MoU) with Rural Enhancers for a ₹10,000 crore investment at the World Economic Forum Summit held in Davos, Switzerland, in the presence of Chief Minister Devendra Fadnavis. Along with the CM, P Anbalagan, Principal Secretary of the Department of Industries, signed and exchanged the MoU. This significant agreement focuses on strengthening healthcare, hospitals, infrastructure, ports and the social sector. Union Minister of State for Cooperation and Civil Aviation, Murlidhar Mohol, congratulated Ambar Ayade and the team, calling it a moment of pride for Maharashtra and Pune startups.
Kaustubh Dhavse, Secretary of the Department of Foreign Investments, facilitated a tripartite agreement with governmental agencies from the Netherlands. Along with Dhavse, Anbalagan, Secretary of MIDC P Velrasu, Netherlands representative Edwin CS Varda, Chairman of Rural Enhancers Group Subrahmanyam Yedavalli and the CM's assistant Jayant Yerwadekar, were present at the event. Ayade was specially invited by the government to participate in the WEF.
Ayade stated, “This investment, over the next two years, will enhance healthcare systems in the state, establish an ambulance service for the government, and address long-pending projects like the housing project for police personnel at Lohegaon, Pune. It will also aid in strengthening the port and shipping infrastructure for Maharashtra. Earlier, our organisation facilitated India’s first ECA-based investment in 2023 to establish a multispecialty hospital in Warje, Pune, in collaboration with the Pune Municipal Corporation. This hospital is set to open by 2027. In March, the first-ever ECA-based economic summit in India will be held in Mumbai, in the presence of CM Fadnavis.”
Dhavse added that Ayade, a key member of the CM’s ambitious ‘Country Desk’ initiative, focused on attracting foreign investments, has been working on bringing ECA-based investments to Maharashtra since 2021. The ₹10,000 crore investment deal finalised in Davos will significantly benefit the state.
Fadnavis mentioned that the ₹10,000 crore investment agreement with the Netherlands and Rural Enhancers will be crucial for empowering hospitals, healthcare services and other social sectors. "It will facilitate the development of hospitals, ambulance services and infrastructure," the CM said.
