$50 billion worth investments announced at India Global Forum’s ‘NXT25’ in Mumbai

In a major boost to investment and economic growth, Memoranda of Understanding (MoUs) worth approximately $50 billion were announced between the Government of Maharashtra and leading domestic and global investors at the India Global Forum’s ‘NXT25’ Summit, held at the Jio World Convention Centre in Mumbai.

The Mumbai Metropolitan Region Development Authority (MMRDA) signed five major MoUs for infrastructure development in the Mumbai Metropolitan Region, with a total commitment of $49.02 billion, including:

• $18.09 billion with Housing and Urban Development Corporation Ltd (HUDCO)
• $12.06 billion with REC Limited
• $12.06 billion with Power Finance Corporation Limited (PFC)
• $6.03 billion with Indian Railway Finance Corporation Ltd (IRFC)
• $843 million with National Bank for Financing Infrastructure and Development (NaBFID)

Speaking ahead of the India Global Forum’s NXT25: Leading the Leap Summit in Mumbai, Maharashtra Chief Minister Devendra Fadnavis laid out an ambitious roadmap for the state’s economic and infrastructural growth.

Bringing together CEOs, policymakers, global investors, and industry disruptors, NXT25 explores the biggest trends shaping India’s future on the world stage, spotlighting India’s ambitions for the next 25 years and its emergence as a global powerhouse in investment, technology, sustainability, and innovation.