Maharashtra aims to attract global investors and startups

Maharashtra Chief Minister Devendra Fadnavis spoke at the US-India Business Council summit in Mumbai, presenting a bold vision for the state's economic future. He noted that Maharashtra contributes significantly to India's economy, making up 14% of the country's GDP and accounting for 35% of foreign direct investment. Fadnavis stated that Maharashtra is a prime location for global investors, particularly in fintech and technology. He highlighted that a recent report shows Maharashtra outperforms Bangalore and Hyderabad in startup growth and investment. The state also holds a crucial role in the digital economy, with 65% of India's data centers based there. The Chief Minister announced plans for a new urban area in Navi Mumbai that will be three times bigger than Mumbai. This development includes the Atal Setu sea bridge and the Navi Mumbai International Airport. It aims to create a city with hubs for innovation, education, and sports, and will cover 300 acres. Additionally, Maharashtra is working on an international education hub for foreign universities. Fadnavis mentioned partnerships with five global universities, including three from the U.S., to establish their campuses in the region. The state is also focused on green energy initiatives. They plan to provide renewable energy to all their data centers by 2030. Fadnavis concluded that Maharashtra is poised for major economic transformation and will play a key role in U.S.-India business relations.