Maharashtra Aims for Trillion Dollar Economy with Record FDI Inflows

Maharashtra Chief Minister Devendra Fadnavis recently announced that the state is on track to achieve a record year in Foreign Direct Investment (FDI).

In the first half of the fiscal year, Maharashtra has already attracted 52% of India's total FDI.

Fadnavis highlighted the state's ambition to become India's first trillion-dollar sub-economy, with major infrastructure projects such as the Atal Setu and the upcoming Vadhavan Port contributing to the growth of the maritime economy.

Fadnavis also mentioned plans for a "third Mumbai" near Navi Mumbai, which aims to create a business hub three times the size of the original city.

The Chief Minister expressed confidence in reclaiming Maharashtra's leading position in FDI, which had briefly shifted to Karnataka.

He assured a business-friendly environment to support this goal and projected that FDI inflows would exceed 90% of last year's figures within just six months, reflecting the state's strong appeal to businesses and commitment to economic growth.

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