Maharashtra CM Devendra Fadnavis Unveils Plan to Make State a USD 1 Trillion Economy by 2030
Mumbai, 5th May 2025: Maharashtra Chief Minister Devendra Fadnavis outlined an ambitious vision for the state’s future, announcing a strategic plan to transform Maharashtra into a USD 1 trillion economy by 2030. Speaking at the “India Investment Forum 2025,” he shared a detailed progress report on the state’s economic, industrial, social, and environmental advancements.
Fadnavis highlighted that Maharashtra’s economy has already surpassed the USD 500 billion mark. He revealed that a specially formed Economic Advisory Council, led by Tata Sons chairman N Chandrasekaran along with 20 top CEOs, has crafted a comprehensive roadmap targeting growth across infrastructure, industry, services, agriculture, and fintech sectors.
The Chief Minister also announced the upcoming launch of the “Viksit Maharashtra 2047” plan on October 2, which will lay out short-, medium-, and long-term developmental goals. He emphasized that Maharashtra’s industrial growth is expanding beyond Mumbai and Pune, with emerging hubs in regions like Chhatrapati Sambhajinagar, Gadchiroli, Nashik, and Raigad, establishing the state as a robust industrial powerhouse.
Highlighting ongoing projects, Fadnavis pointed to a massive USD 100 billion investment in infrastructure, including developments at Vadhavan Port, the Nagpur-Goa expressway, new airports, and key urban transport initiatives such as the Mumbai Metro and coastal road projects. He stressed these efforts will revolutionize the state’s transport network and trade logistics.
Urban renewal is progressing swiftly in Mumbai, with the Dharavi Redevelopment Project set to rehabilitate around 800,000 residents. Additionally, the government is introducing a unified mobility system through a single transport card and integrated mobile app to improve commuting.
Fadnavis also noted improvements in coastal area sanitation via advanced sewage treatment facilities. Maharashtra continues to lead India in attracting foreign direct investment, capturing 40% of the country’s total FDI, a feat credited to its integrated digital single-window system, expanded MIDC industrial parks, and a dedicated Cabinet Committee on Investment.
The Chief Minister further outlined plans to boost water security, technology adoption, and power supply for farmers, including a target to provide free daytime solar electricity by 2026, aimed at increasing agricultural productivity and farmer incomes.
Lastly, Maharashtra is rolling out a five-year tourism development strategy focusing on community participation, conservation efforts, and infrastructure enhancement to further strengthen the sector.
