The home state of India’s financial capital signed investment pledges worth $200 billion at Davos, with a majority coming from foreign investors, said Maharashtra’s chief minister on Thursday.

Billionaire Sajjan Jindal-led JSW Group said on Tuesday that it will invest 3 trillion rupees ($34.67 billion) in the Indian state of Maharashtra to expand the conglomerate's presence in electric vehicles,

The MoU was one of 20—and the largest—the state government signed on the sidelines of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, with a total investment value of around ₹5,

JSW Group is set to invest Rs 3 lakh crore in Maharashtra, enhancing steel manufacturing with green technology, developing green energy projects, and setting up advanced units for electric vehicles and high-performance EV batteries.