Daijiworld Media Network – Mumbai
Mumbai, Jun 5: Maharashtra is steadily charting its course towards becoming a $1 trillion economy by 2030, declared Chief Minister Devendra Fadnavis during his address at the India Investment Forum 2025. Unveiling a bold vision for inclusive and sustainable growth, the CM said the state has already crossed the half-trillion-dollar mark and is now poised to double its economic size in the coming years.
Speaking at the high-profile event, Fadnavis highlighted a multi-sectoral roadmap for Maharashtra’s progress, prepared by an Economic Advisory Council chaired by Tata Sons Chairman N Chandrasekaran and supported by 20 leading CEOs. The strategy spans key sectors such as infrastructure, agriculture, industry, services, and fintech.
The Chief Minister announced that the “Viksit Maharashtra 2047” vision document will be launched on October 2, laying out the state’s short, mid, and long-term developmental goals.
Emphasizing decentralized industrial growth, he said, “Maharashtra’s industrial strength is no longer limited to Mumbai and Pune. New growth centres like Chhatrapati Sambhajinagar, Gadchiroli, Nashik, and Raigad are rising through EV hubs, steel cities, and integrated industrial clusters.”
Highlighting the massive investments in physical infrastructure, Fadnavis revealed that projects worth $100 billion are underway, including the Vadhavan Port, Nagpur-Goa Expressway, Mumbai Metro, new airports, and coastal road projects. He asserted that these developments will significantly boost transport, trade, and connectivity across the state.
In Mumbai, the Dharavi Redevelopment Project—expected to benefit 8 lakh citizens—is among several flagship urban renewal initiatives. The government is also launching an integrated mobility solution, featuring a single smart card and mobile app for public transport.
Fadnavis noted that coastal sanitation is being improved through advanced sewage treatment technologies, while foreign direct investment (FDI) continues to pour in—Maharashtra alone accounts for 40% of India’s total FDI. This, he credited to the state’s digital single-window clearance system, the expansion of MIDC industrial parks, and the formation of a Cabinet Committee on Investment.
Looking ahead, the state is set to roll out free daytime solar power for farmers by 2026, aiming to boost agricultural productivity and income. In addition, a comprehensive five-year tourism development plan has been drafted, focusing on community engagement, conservation, and tourism infrastructure.
Reaffirming the government’s commitment to all-round development, Fadnavis said, “Maharashtra is not just a financial capital, but also a beacon of innovation, inclusivity, and industrial progress. The journey to becoming a $1 trillion economy is well underway.”