The Chief Minister of Maharashtra has given the green light to a ‘toolkit’ campaign against investment in the state.

Maharashtra: Chief Minister Devendra Fadnavis on Tuesday defended the investment decisions announced at the World Economic Forum (WEF) in Davos, dismissing criticism on social media and clarifying that all agreements signed there were entirely related to Foreign Direct Investment (FDI) and had no connection to domestic enterprises or budget allocations.

Responding to Social Media Criticism

Addressing the media via video conferencing from Davos, Fadnavis said that several social media posts questioning the government’s intentions used similar narratives and language. Without naming those behind the campaign, he said it was clear that a structured “toolkit” was being used to create doubts about Maharashtra’s investment strategy. However, he added that instead of speculating about the source, it was important to address the concerns being raised.

Investments Solely Related to FDI

Clarifying the government’s position, the Chief Minister stated that all decisions announced in Davos were exclusively related to FDI and were not linked to the state or national budget.

Announcement of Major Investments

Elaborating further, Fadnavis said that Maharashtra had signed investment agreements worth ₹30 lakh crore at the WEF, while initial discussions for an additional ₹10 lakh crore had been completed. These investments are expected to create approximately 40 lakh jobs across the state.