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The Maharashtra government has announced a USD 50 billion investment plan to transform regional infrastructure over the next three to four years. Key projects include the Navi Mumbai airport, Mumbai-Nagpur bullet train, Samruddhi Mahamarg, and the Mumbai Trans Harbour Link. A major highlight is the proposed “Third Mumbai” — a new logistics and innovation hub connecting Navi Mumbai airport, JNPT port, and the Virar-Alibaug corridor. With 50% lower rents than Mumbai, it aims to attract data centres and logistics firms. Maharashtra is in talks with global investors to fund this vision, positioning itself as a gateway for international capital and job creation.
The Maharashtra government has announced plans to raise USD 50 billion (around INR 4.2 lakh crore) over the next three to four years to invest in key infrastructure projects. These include major coastal and transport developments such as the Navi Mumbai airport, Samruddhi Mahamarg, the Mumbai-Nagpur bullet train, and the Mumbai Trans Harbour Link. The state is currently in talks with international financial institutions and global investors to fund these projects. Advertisement
The state is working on creating what it calls a “Third Mumbai” region. This region will connect the new Navi Mumbai airport with JNPT port and the Virar-Alibaug multi-modal corridor, offering better logistics support. Chief Minister Devendra Fadnavis, speaking at the India-Middle East-Europe Economic Corridor (IMEC) summit, said the area will also have dedicated zones such as an Education City, a Health City, and an Innovation Hub across 300 acres.
Officials say rentals in Third Mumbai are already about 50% lower than the rates in Mumbai, making it an attractive option for companies in the logistics and data sectors. Maharashtra wants to position this region as a major data centre destination, leveraging its proximity to port, airport, and highway networks. The state is also planning to convert parts of the Marathwada region into a cargo hub to support the growing demand for freight movement in central India.
Projects like the Samruddhi Mahamarg (connecting Mumbai to Nagpur), the bullet train from Mumbai to Ahmedabad, and the Navi Mumbai airport are expected to not only boost regional connectivity but also open up new employment opportunities. Fadnavis said Maharashtra’s goal is to become a top choice for global investors by improving ease of doing business and providing land at competitive rates.
The government has not announced a formal timeline for fundraising but said it is actively engaging with institutions across Europe, the US, and Asia. If successful, this could be one of the largest investment programs by a state government focused on physical and digital infrastructure. The plan aligns with India’s broader strategy to attract long-term capital into infrastructure through global partnerships.
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