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Maharashtra: India's Gateway for Foreign Investment, Says CM Fadnavis

Chief Minister Devendra Fadnavis declared Maharashtra as India's gateway for foreign investment at the World Economic Forum in Davos. He highlighted the state's reliability, noting it attracted 39% of India's total FDI last year and boasts a high MoU conversion rate. Fadnavis projected Maharashtra would become a $1 trillion economy by 2030, driven by mega projects like an Innovation City and the Vadhavan Port. He assured investors of a secure environment with "zero tolerance" on law and order issues.

Key Points: Maharashtra Gateway for FDI, $1 Trillion Goal: Fadnavis

  • Aims for $1 trillion economy by 2030
  • 39% of India's total FDI last year
  • 75-80% Davos MoU conversion rate
  • Mega projects near Navi Mumbai airport
  • Zero tolerance on law and order for investors
3 min read

Maharashtra is India's gateway for foreign investment: CM Fadnavis

CM Devendra Fadnavis positions Maharashtra as India's premier FDI hub, targeting a $1 trillion economy by 2030 with major infrastructure projects.

"We do what we say. This consistency has bolstered the confidence of global entrepreneurs. - Devendra Fadnavis"

Davos, Jan 19

Asserting Maharashtra's dominance as a premier global investment destination, Chief Minister Devendra Fadnavis on Monday stated that the state serves as the "Gateway of India" for international investors.

Speaking to the media at the Maharashtra Pavilion during the World Economic Forum (WEF) Annual Meeting in Davos, the Chief Minister expressed immense confidence in the state's "ecosystem of trust" and its trajectory towards becoming a trillion-dollar economy.

Accompanied by Industries Minister Dr Uday Samant and a high-level delegation, CM Fadnavis highlighted that Maharashtra's reliability is its greatest strength.

"We do what we say. This consistency has bolstered the confidence of global entrepreneurs," he said.

As per the release issued by the CMO, the Chief Minister noted that while Maharashtra competes healthily with other Indian states, it remains at the forefront of attracting foreign direct investment (FDI).

CM Fadnavis projected that Maharashtra is on track to become a $1 trillion economy by 2030, two years ahead of the initial 2032 target, maintaining a growth rate of over 10 per cent for the past decade.

Maharashtra accounted for 39 per cent of India's total FDI last year.

The CM credited this to 16 investor-friendly policies that have created a robust and credible business environment.

Breaking the industry norm where only 25-30 per cent of MoUs typically materialise, Maharashtra boasts a conversion rate of 50-55 per cent overall, and an impressive 75-80 per cent for agreements signed at Davos, he said.

The Chief Minister detailed several "game-changing" projects currently underway.

"Plans are in motion to develop an Edu-City, Innovation City, Medicity, and Sports City near the upcoming Navi Mumbai International Airport. This cluster is expected to generate 3.5 million high-paying jobs. Maharashtra currently hosts 60 per cent of India's data centre capacity. The state aims to expand this further through green energy initiatives," said the Chief Minister.

He said that the Vadhavan Port, which is set to be one of the top 10 ports globally and three times the size of JNPT, will secure India's supply chain for the next century.

The first phase is expected to be operational within three years.

Recognising MSMEs as the backbone of the economy, CM Fadnavis emphasised that the government is providing not just capital, but a track record of reliability.

He also touched upon the "New Urbanism" vision inspired by PM Modi, noting that since 65 per cent of the GDP is generated around cities, improving the quality of life in Maharashtra's 29 municipal corporations is vital for economic momentum.

The Chief Minister assured investors of "zero tolerance" regarding law and order, ensuring that every investment in Maharashtra is safe, secure, and future-ready.

- IANS

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Reader Comments

R
Rohit P
Impressive numbers, especially the 75-80% MoU conversion rate from Davos. It shows global investors are serious about Maharashtra. The Vadhavan Port project sounds like a game-changer for logistics. My only request: please ensure this development reaches the tier-2 and tier-3 cities in the state as well. Balanced growth is key.
A
Aman W
Good to see the CM talking about MSMEs as the backbone. That's where the real employment is. Hope the "ecosystem of trust" and easy capital they're promising actually reaches the small business owners in Nashik, Kolhapur, and Aurangabad, not just the big corporates in Mumbai.
S
Sarah B
As someone who works in the renewable sector, the mention of green energy initiatives for data centres is the most exciting part. Maharashtra leading with 60% of India's data centre capacity has a huge responsibility to make it sustainable. This is the right direction.
K
Karthik V
The ambition is great, but I'll believe the $1 trillion economy claim when I see the benefits trickle down. We hear about big projects every year, but the cost of living in Mumbai keeps rising and traffic is a nightmare. "New Urbanism" needs to fix our daily struggles first.
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Nisha Z
Edu-City and Innovation City near the new airport? That's a brilliant cluster strategy. It will attract talent from across the country. As a parent, I'm most excited about the potential for world-class education and research facilities right here in Maharashtra. Fingers crossed! 🤞

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