<h1>Raigad Pen Smart City Project announces five MoUs with international partners; joint venture model and fintech focus outlined</h1> Announcement of five memorandum agreements to develop the Raigad Pen Smart City under a publicprivate joint venture where private parties purchase land and the regional development authority undertakes development; this approach is intended to create a large business district prioritising global capability centres and a fintech ecosystem, with planned expansion from an initial ~300 acres to 1,000 acres. The agreements also include strategic knowledge collaborations with international universities and companies in medtech, urban planning, mobility and governance, intended to transfer technology and expertise statewide, attract foreign investment, and support workforce upskilling and regional industrial diversification.