India, Jan. 23 -- The Mumbai Metropolitan Region Development Authority (MMRDA) has signed 24 memorandums of understanding (MoUs) worth Rs.20.76 lakh crore or $226.65 billion during the first three days of the World Economic Forum (WEF) at Davos, which are expected create around 1.6 million direct and indirect jobs in the Mumbai Metropolitan Region (MMR).

Two of the MoUs - with the Tata Group and the Swiss Indian Chamber of Commerce, worth Rs.1.01 lakh crore ($11 billion) and Rs.1.37 lakh crore ($15 billion), respectively - were signed on Wednesday, the third day of the five-day event.

"For the first time in the MMRDA's 51-year history, the authority has achieved a record-breaking FDI outcome at the World Economic Forum," MMRDA commissio...