In a bold vision for Maharashtra’s future, Chief Minister Devendra Fadnavis announced Tuesday that Mumbai will soon serve as the primary entry point for worldwide investments. Speaking at the inaugural session of the three-day Global Economic Cooperation Conference, he positioned the state as a key architect of international economic resilience.
‘Trusted partnerships are the only path to success in our multipolar landscape,’ Fadnavis stated, introducing the idea of ‘trusted globalization’ in today’s interconnected yet cautious world. Maharashtra stands tall with its 14-15% share in India’s GDP, top rankings in FDI inflows, 20% of industrial production, and dominance in over 60% of the country’s western port container movements.
Economic sovereignty, he explained, transcends mere self-sufficiency. It encompasses a harmonious blend of diverse trade networks, robust manufacturing, secure energy supplies, advanced tech capabilities, independent strategies, and reliable alliances—principles Maharashtra is actively implementing.
The global economy of tomorrow will revolve around corridor-based frameworks, and Maharashtra is primed for a starring role. Mumbai, renowned for its transparent policies, strong regulations, and holistic development, draws from centuries of maritime commerce, business innovation, and worldwide links to forge a resilient economic ecosystem. ‘A multipolar world isn’t a threat—it’s our chance to lead,’ Fadnavis proclaimed.
Future dominance will stem from integrating AI, data governance, semiconductor ecosystems, and a talented workforce. To this end, the state is developing AI hubs, expansive data centers, and specialized training institutions.
Addressing climate shifts as a strategic imperative, Fadnavis detailed Maharashtra’s commitments to green hydrogen production, renewable solar and wind power, eco-friendly transport, and resilient city planning.
Mumbai’s prowess as the nation’s finance hub relies on seamless linkages spanning road networks to key canals and oceans. Centrally placed in the western seas, with assets like JNPA, the Navi Mumbai airport, and Vadhavan port in the pipeline, it’s evolving into the western hub for the India-Middle East-Europe corridor. Trade bridges to Africa, the Gulf, and Asia are being fortified for enduring collaboration.