
At the World Economic Forum in Davos, several Indian chief ministers and Union ministers signed memorandums of understanding (MoUs) with Indian companies, prompting criticism from Congress MP Rajeev Shukla. He described the participation and deal signings as a 'status symbol' and a 'waste of money,' arguing such agreements could have been made in India. The Maharashtra government signed a notable Rs 1 lakh crore IT project MoU with Lodha Developers, a company linked to a state minister. Critics questioned the necessity of conducting these deals abroad and raised concerns about the use of public funds.
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