Why are we going to Davos to sign agreements with Indian investors?

Maharashtra has signed Memorandums of Understanding (MoUs) worth ₹4.99 lakh crore in Davos. Sounds like a great headline. But Read more closely. the most significant MoU, worth ₹3 lakh crore, was signed with JSW Group The agreements include investments from Kalyani Group, Reliance Infrastructure, Balasore Alloys Ltd., Viraj Profiles Pvt. Ltd., AB InBev, JSW, Vari Energy, Tembo, Blackstone, Panchshil Realty, Avni Power Batteries, GenSol, Bisleri International, and others. The investments cover logistics, automobiles, steel, electronics, IT, infrastructure, energy, and entertainment. See something here? Most of these companies are Indian or already have substantial presence in India. Why do we need to go to Davos to get these investments? What a waste of money. Imma guess this is just a way for govt officials to go on a taxpayer-sponsored Switzerland trip.