Mumbai, April 9 -- Vietnamese conglomerate Vingroup has signed a memorandum of understanding (MoU) to invest USD 6.5 billion in Maharashtra over the next two years said media reports.

The agreement, signed with the state industries department and the Mumbai Metropolitan Region Development Authority (MMRDA), covers sectors including electric mobility, renewable energy, tourism and infrastructure.

The investment is planned across 5,000 acres in the Mumbai Metropolitan Region and other locations. The project is expected to generate approximately 24,700 direct jobs.

Key components of the investment include:

Smart Townships: An integrated, eco-friendly township spanning 2,700 acres designed for a population of two lakh.

Electric Mobility:...