The India Global Forum(IGF) hosted its ‘NXT25 Summit 2025’-Leading the Leap was held from April 7–8, 2025 at the Jio World Convention Centre in Mumbai, Maharashtra. The summit brought together Chief Executive Officers (CEOs), global investors, policymakers and industry leaders to discuss India’s growth roadmap for the next 25 years across key sectors including investment, technology, sustainability and innovation.
- The summit was supported by the United Kingdom (UK) Government, the Government of Maharashtra, and the Ministry of Commerce and Industry (MoC&I) of the Government of India (GoI).
- The event was graced by Union Minister Piyush Goyal, Ministry of Commerce and Industry (MoC&I), and Devendra Fadnavis, Chief Minister (CM) of Maharashtra, along with the presence of several other dignitaries.
Maharashtra Signs MoUs Worth USD 50 Billion:
During the IGF NXT25 Summit, the Government of Maharashtra signed Memoranda of Understanding (MoUs) worth approximately USD 50 billion with leading domestic and global investors to accelerate infrastructure development, economic growth, and innovation in the state.
1.MoUs Signed for Infrastructure Development:
The Mumbai (Maharashtra)-based Mumbai Metropolitan Region Development Authority (MMRDA) signed 5 MoUs valued at USD 49.02 billion, including,
- USD 18.09 billion with New Delhi (Delhi)-based Housing and Urban Development Corporation Limited (HUDCO) to Finance housing, transport, and urban development projects in the Mumbai Metropolitan Region (MMR) .
- USD 12.06 billion with Gurugram (Haryana)-based REC Limited to fund urban mobility, affordable housing, and essential infrastructure development in the MMR. The funds will be disbursed over a period of five years to support these initiatives.
- USD 12.06 billion with New Delhi-based Power Finance Corporation Limited (PFC) to develop energy-efficient infrastructure and promote sustainable urban services.
- USD 6.03 billion with New Delhi-based Indian Railway Finance Corporation Limited (IRFC) to enhance transport infrastructure, including the development of metro lines and suburban rail corridors.
- USD 843 million with Mumbai-based National Bank for Financing Infrastructure and Development (NaBFID) to finance smart infrastructure and urban development projects.
2.Consumer Sector Investment by Magnum Ice Cream:
Magnum Ice Cream Company, a division of London (UK)-based Unilever PLC, a multinational consumer packed goods company, signed a strategic MoU to:
- Establish its India headquarters in Mumbai, serving as the regional hub for the Middle East, Turkey, and South Asia (METSA).
- Set up a Global Capability Center (GCC) in Pune, Maharashtra, with an investment of Rs. 900 crores (approximately USD 108.4 million), creating over 500 direct jobs by 2029.
About Indian Railway Finance Corporation Limited (IRFC):
Chairman & Managing Director(CMD) – Manoj Kumar Dubey
Headquarters – New Delhi, Delhi
Established – 1986
