Congress leader Atul Londhe addresses the press on January 23, 2026. Source:X/Atul Londhe
The Congress on Friday (January 23, 2026) questioned the Maharashtra government’s claims regarding the scale of investments secured during Chief Minister Devendra Fadnavis’ recent visit to the World Economic Forum meeting in Davos, asking how much of the promised investment over the last two years had actually translated into projects and jobs on the ground.
At a press conference, Maharashtra Congress spokesperson Atul Londhe Patil took exception to the government’s assertion that Memoranda of Understanding (MoUs) worth ₹30 lakh crore had been signed during the visit. He sought details on the companies that entered into the agreements, including whether they were publicly listed, registered, and financially capable of honouring their commitments.
“I have information that 70% to 80% of these companies are not listed at all,” he said, questioning their ability to invest at the scale claimed by the State government.
Questioning past claims
He pointed out that similar claims had been made in the previous two years as well. In 2023-24, when the State was headed by Eknath Shinde, MoUs worth ₹3.6 lakh crore were announced, while in 2024-25, the Fadnavis government claimed investment commitments of ₹15 lakh crore. “With the addition of the ₹30 lakh crore announced this year, the total promised investment over three years comes to nearly ₹50 lakh crore,” he said.
“Where is the investment on the ground?” Mr. Patil asked, alleging that the announcements had neither resulted in actual industrial activity nor generated employment. He argued that the claimed figure was roughly equivalent to Maharashtra’s gross domestic product. “If this were true, the government could have cleared the State’s ₹10 lakh crore debt, waived farmers’ loans, and implemented the ₹2,100 monthly assistance promised to women before the Assembly election,” he said.
Accusing the Chief Minister of misleading the public, Mr. Patil alleged that some MoUs were inherently implausible. Citing one instance, he said a group with a net worth of ₹4,500 crore had promised investments of ₹45,000 crore. “How is that possible?” he asked.
He also questioned the status of the Magnetic Maharashtra summit, asking whether it had been sidelined in favour of other investment events.
Published – January 24, 2026 09:13 am IST
