IBLA 2024 | A 3rd Mumbai is in the making, can make Maha the 1st first trillion dollar sub-economy: CM Fadnavis

IBLA 2024 | A 3rd Mumbai is in the making, can make Maha the 1st first trillion dollar sub-economy: CM Fadnavis

Two days after being sworn-in as the Maharashtra Chief Minister, Devendra Fadnavis lauded the state as the business magnet and powerhouse of the Indian economy. “We are back and we are back with a bang,” he said at the CNBC-TV18 India Business Leader Awards (IBLA) in Mumbai on December 7.

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He thanked the people of Maharashtra for the mandate they gave to the Mahayuti coalition, which he said is not only unprecedented but also entrusts them with the responsibility to contribute most to the Indian economy.

The Chief Minister exuded confidence that Maharashtra can become the first trillion dollar sub-economy of India. In the first half of the fiscal, Maharashtra has already received 52% of total FDI in India.

He pointed out that Karnataka overtook Maharashtra when BJP lost the government and added that while other states like Gujarat have their own strength, Maharashtra is different as Mumbai belongs to Maharashtra.
At the Mumbai event, Fadnavis shared that an entire new area is being created for business. “We recently inaugurated Atal Setu that joins Mumbai to Navi Mumbai. We are now creating a third Mumbai near Navi Mumbai, which is three times bigger than Mumbai. This will be the next business capital of India.”

He said that there is a huge opportunity to invest in and conduct business in Maharashtra and assured that it is going to be all the more hassle free. “We are here to help businesses.”

Maharashtra has always been ahead among other states, he asserted, and shared that in terms of FDI flow, the state has already crossed 90% of what it bought in the first six months. “It will be a record year for FDI,” he affirmed.

Speaking about the infrastructure sector, Fadnavis said Maharashtra is leading the way with a port like Vadhavan which will be one of the biggest ports of India. It will change the entire maritime economy of the country, the CM said. He also recalled that PM Narendra Modi has announced that the third airport of Mumbai will be created at Vadhavan Port.

Reflecting on his electoral win, the Chief Minister said the massive landslide victory was unexpected. “Our schemes and delivery of promises brought us the victory. Maharashtra followed PM’s message Ek hai to safe hai. Ek hai toh safe hai worked like magic in the elections. Had belief and patience when I had to become Deputy Chief Minister of Maharashtra.”

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