India demonstrated its economic strength amid global geopolitical uncertainties by securing investment commitments worth more than ₹20 lakh crore at the annual World Economic Forum (WEF) summit in Davos this week.
Maharashtra emerged as the top performer, securing nearly 80 per cent of the total investment proposals at the global event.
Led by Chief Minister Devendra Fadnavis, the state signed 61 Memorandums of Understanding (MoUs) worth ₹15.7 lakh crore, with the potential to generate over 16 lakh jobs. Telangana, led by Chief Minister Revanth Reddy, secured 20 MoUs worth at least ₹1.80 lakh crore.
Kerala and Uttar Pradesh also presented ambitious plans and attracted significant investment commitments. Andhra Pradesh Chief Minister N. Chandrababu Naidu engaged in productive discussions with chief executive officers (CEOs) of globally renowned companies and representatives of various nations, highlighting investment opportunities in the state.
IT giant Infosys announced plans to expand its presence in Hyderabad, creating 17,000 jobs as part of its investment commitments.
Union Railways, Electronics, and IT Minister Ashwini Vaishnaw delivered a keynote speech at the WEF Summit, highlighting India’s balanced economic development driven by both manufacturing and services. He underlined India's transformation from an import substitution strategy to a “Make in India, Make for the World” approach.
Vaishnaw emphasised India’s rapid growth in the semiconductor and artificial intelligence (AI) sectors, stating that “most semiconductor industry leaders now believe India will soon rank among the top three destinations for semiconductors.”
He further noted that India, with nearly 2,000 Global Capability Centres (GCCs) working on advanced designs, is poised to become a key player in global manufacturing.
He also positioned India as the potential "use case capital" of the world, capable of creating innovative solutions for global industries. While acknowledging the commoditisation of AI models, he called for a shift in focus towards developing applications and solutions tailored to various industries.
Vaishnaw stressed the government’s commitment to upskilling India's workforce, particularly in AI and emerging technologies, to prepare the country for future opportunities.
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