What's happening with startups in Davos is funny

I recently came across so many local startups going to Davos to attend the WEF. Good thing, very happy for them. But I was surprised to see some of these startups literally go to Davos and then sign some contract with a state government there. If you have to go to another country to sign a MoU with your state government or vice-versa then I honestly feel that this ecosystem is doomed. Also none of these state governments are bringing FDI to India. Why travel all the way to Switzerland and sign up local startups man?