Maharashtra Chief Minister Devendra Fadnavis has positioned the state as the “business magnet and powerhouse of the Indian economy.” Speaking at a high-profile industry event in Mumbai, he declared, “We are back, and we are back with a bang.” Fadnavis expressed gratitude to the people of Maharashtra for the historic mandate given to the Mahayuti coalition, emphasizing that it entrusted them with the responsibility of significantly contributing to India’s economic growth.

The Chief Minister projected confidence in Maharashtra’s potential to become the first trillion-dollar sub-economy in India. Highlighting the state’s economic dominance, Fadnavis noted that Maharashtra accounted for 52% of India’s total foreign direct investment (FDI) in the first half of the fiscal year. He also pointed out how Karnataka had surpassed Maharashtra during the BJP’s absence but asserted that Maharashtra remains unique due to Mumbai’s pivotal role in the state.

At the event, Fadnavis unveiled ambitious plans to transform Maharashtra’s business landscape. He announced the development of a “third Mumbai” near Navi Mumbai, three times the size of the current city, envisioned as the future business capital of India. “We recently inaugurated Atal Setu, connecting Mumbai to Navi Mumbai. This new area will offer unparalleled opportunities for businesses,” he said, adding that the state is committed to creating a hassle-free investment environment.

Fadnavis highlighted Maharashtra’s leadership in infrastructure development, citing the Vadhavan Port project, poised to be one of India’s largest ports and a game-changer for the country’s maritime economy. He also referred to Prime Minister Narendra Modi’s approval of a third Mumbai airport at Vadhavan Port, further bolstering the state’s infrastructure prowess.

Maharashtra has already achieved 90% of its annual FDI target in the first six months, setting the stage for a record-breaking year, Fadnavis shared. He reiterated the state’s historic role as an economic leader and assured investors of continued support, stating, “We are here to help businesses.”

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