MUMBAI: Chief Minister Devendra Fadnavis on Friday said Maharashtra will be a trillion dollar economy by 2028-30 and play a key role in India’s growth story under Prime Minister Narendra Modi.
He said Mumbai will play a major role in the growth of Maharashtra and the financial capital of India will become the country’s fintech capital in the coming years.
“Maharashtra will be the first one trillion dollar economy of the country. In the last fiscal, we targeted and crossed the half trillion dollar benchmark. We will surpass the one trillion dollar economy benchmark between 2028 and 2030,” Fadnavis said while addressing the World Hindu Economic Forum.
He said the state government has constituted an advisory council to guide the state for speedy development.
“The advisory council is formulating Maharashtra’s development policies based on its studies in areas where an accelerated development plan may be rolled out. Maharashtra is creating a complementary chain for development at the global level. State government is also chalking out a logistics policy to be complemented by a fastest road network,” the CM said.
He said the 700-km-long Nagpur-Mumbai Samruddhi highway connects 16 districts and is directly connected to the Jawaharlal Nehru Port Authority at Navi Mumbai is JNPT. “The government is focusing on boosting infrastructure, such as roads and aviation. PM is keenness to make Maharashtra the a maritime power,”he said.
He said the Modi government formulated a new policy framework to accelerate development. “India successfully brought over 25 crore people above the poverty line in last 10 years. We had set a goal of turning India into a five trillion economy by 2030. We now believe that this goal will be achieved by 2028,” he added.
Tata Sons chief meets CM
Tata Sons chairman N Chandrasekaran, who heads the Maharastra Economic Advisory Council, met CM Fadnavis on Friday. “We discussed ways of accelerating Maharashtra’s growth. A report prepared by 20 CEOs will be a key enabler to achieve the goal of 1 trillion dollar economy,” Chandrasekaran said.