Mumbai: The Adani Group has unveiled an investment plan worth USD 66 billion for Maharashtra, spanning sectors such as aviation, clean energy, urban development, digital infrastructure and advanced manufacturing.

The announcement was made at the 56th annual meeting of the World Economic Forum (WEF) in Davos, where global leaders and business executives are discussing economic growth and resilience.

The conglomerate said the planned investments reflect its long-term commitment to Maharashtra and align with India’s national priorities, including the energy transition, ease of doing business and strengthening domestic manufacturing capabilities.

A significant portion of the investment will be directed towards large-scale urban transformation projects. Among the most prominent initiatives is the redevelopment of Dharavi, one of Asia’s largest informal settlements. The project aims to transform the area into a planned urban district with improved housing, modern infrastructure and expanded livelihood opportunities.

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Another major focus is Navi Mumbai, which the Group views as a key future growth centre. Central to this strategy is the Navi Mumbai International Airport, one of India’s largest greenfield airport projects, which began operations on December 25. The airport is expected to reduce congestion in the Mumbai metropolitan region and act as a catalyst for growth in logistics, hospitality and commercial real estate.

Welcoming the announcement, Maharashtra Chief Minister Devendra Fadnavis said the state would support all investors bringing capital into Maharashtra, emphasising that investment is essential for job creation, particularly for the youth.

Pranav Adani, Director at Adani Enterprises, said the investments would be rolled out over the next seven to ten years and would cover multiple sectors. Planned projects include green data centre parks with a combined capacity of 3,000 MW, an integrated arena and entertainment district near the airport, coal gasification facilities, pumped-storage hydropower projects totalling 8,700 MW, and proposed semiconductor and display manufacturing units in line with government policies to promote high-tech manufacturing.

The Group said the projects reflect a strategic shift from developing standalone assets to building integrated ecosystems that support long-term economic growth, sustainability and employment generation.

As global leaders convene in Davos to discuss economic challenges and opportunities, the Adani Group said its participation at WEF 2026 underscores its effort to align private sector investment with India’s broader development goals. The company added that the Maharashtra investment plan is part of its vision to create future-ready infrastructure platforms that drive innovation, development and sustainable growth across the state.