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Maharashtra CM outlines 3L cr development push to transform Maharashtra's economy

#Top Stories#India#Maharashtra
Last Updated : 10th Apr, 2025
Synopsis

Maharashtra Chief Minister Devendra Fadnavis has outlined a comprehensive plan to boost regional development, infrastructure, and economic growth. Speaking at the India Global Forum Next, he emphasized creating a balanced, business-friendly environment across the state. Key projects include the development of 'Third Mumbai' in Navi Mumbai, with an EduCity and Innovation City, and improved connectivity via the upcoming Navi Mumbai Airport and Atal Setu bridge. A 'Fourth Mumbai' is also planned near Vadhavan Port. Rural regions are also being uplifted-Gadchiroli as a steel hub, Chhatrapati Sambhajinagar for EVs, and Vidarbha for solar energy. With investments in skill training, AI, green tech, and irrigation, Maharashtra aims for inclusive, sustainable progress.

Maharashtra Chief Minister Shri Devendra Fadnavis recently announced the Maharashtra government plans for addressing regional development, skill training, water shortage and infrastructure needs.


Speaking at the ''India Global Forum Next" event in Mumbai, Fadnavis discussed the state government's efforts to ensure a prosperous business environment is created and maintained. New investment opportunities are being encouraged from all regions with a goal of creating a global supply chain. These efforts are aimed at ensuring the state witnesses a balanced development across all regions over the next five years.

"The state is also leading in the field of Artificial Intelligence (AI) in India. In addition, many major national and international companies are already operating in Maharashtra," the CM noted. The government is also encouraging the setting up of industries based on green and smart technologies.

The Mumbai Metropolitan Region (MMR), spread across the financial capital and its adjoining districts, will play a significant role in making Maharashtra a USD 3 trillion economy. The MMR alone has the capacity to build a USD 1.5 trillion economy, the CM noted.

The metropolis is already India's fintech capital, and a "Third Mumbai" is being developed in Navi Mumbai, Fadnavis said. This new area (Third Mumbai) will include an EduCity and an Innovation City. Five universities are already in the final stages of planning to set up their campuses in the proposed EduCity, he highlighted.

The Navi Mumbai International Airport is nearing completion, and the Atal Setu, a 21.8km-long sea bridge connecting Sewri (Mumbai) and Nhava Sheva (Navi Mumbai), has significantly improved connectivity to the upcoming airport and surrounding areas, Fadnavis averred.

The country's largest port is being developed at Vadhavan (in Palghar district) and it will be connected via the Mumbai-Nagpur Samruddhi Expressway, facilitating the development of a "Fourth Mumbai" in that region, he said.

Alongside the development of MMR, equal emphasis is being placed on rural and underdeveloped regions -- Pune is a major hub for the automobile industry, Chhatrapati Sambhajinagar is emerging as a centre for the electric vehicle sector and Gadchiroli is set to rise as India's new steel hub, the CM pointed out.

The Vidarbha region is expanding rapidly in solar energy production and the 700-km-long Samruddhi Expressway will benefit farmers and entrepreneurs across 15 districts, he said. Approximately INR 3 lakh crore are being implemented to make the state drought-free, and a canal-based irrigation venture in Vidarbha is also underway.

To meet the workforce demands of industries, dedicated Skill Universities are being planned and developed to ensure there is no shortage of trained manpower. The Goa-Nagpur Shaktipeeth corridor will provide a boost to infrastructure and industrial development of Marathwada in central Maharashtra, Fadnavis emphasised.

Chief Minister Shri Devendra Fadnavis' vision for Maharashtra reflects a comprehensive and inclusive approach to development-balancing cutting-edge urban infrastructure with rural upliftment and sustainable growth. From bolstering the Mumbai Metropolitan Region as a financial powerhouse to nurturing emerging hubs like Gadchiroli, Chhatrapati Sambhajinagar, and Vidarbha, the government's strategy aims to catalyze widespread progress. With major investments in connectivity, education, skill training, and green technologies, Maharashtra is positioning itself not only as a national leader but also as a vital player in the global economy.

Source: PTI

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