Devendra Fadnavis hailed the Maha as the force behind India’s growth
ECONOMY & POLICY

Devendra Fadnavis hailed the Maha as the force behind India’s growth

Maharashtra Chief Minister Devendra Fadnavis praised the state as the driving force behind India’s economic growth, expressing confidence that Maharashtra could soon become the first trillion-dollar sub-economy in the country. Speaking at the CNBC-TV18 India Business Leader Awards (IBLA) in Mumbai, Fadnavis highlighted Maharashtra's role as a business powerhouse and a key player in India's economic landscape, stating, "We are back and we are back with a bang."

The Chief Minister thanked the people of Maharashtra for their overwhelming support in the recent state elections. He described the mandate won by the Mahayuti coalition as "unprecedented" and expressed gratitude for the responsibility given to his government to propel the state to greater economic heights. Reflecting on the election results, Fadnavis acknowledged that the massive victory had come as a surprise, attributing it to the success of the government's initiatives and promises fulfilled. He further mentioned that Maharashtra had followed Prime Minister Narendra Modi’s message, “ek hai toh safe hai,” which had worked like magic during the elections.

Fadnavis expressed optimism about Maharashtra's economic future, pointing out that the state had already secured 52% of India’s total Foreign Direct Investment (FDI) in the first half of the fiscal year. He also noted that while Karnataka had overtaken Maharashtra when the BJP lost its government in the state, Maharashtra’s advantages, such as Mumbai being the country’s financial hub, set it apart from other states like Gujarat.

The Chief Minister spoke about the development of a new business district near Navi Mumbai, which he referred to as "third Mumbai," a zone three times the size of the current Mumbai. He called it "the next business capital of India" and emphasized that the government is working to make the state more business-friendly and hassle-free for investors. He also mentioned significant infrastructure projects underway in Maharashtra, including the Vadhavan port, which he described as one of the largest ports in India and set to transform the maritime economy. Fadnavis added that Prime Minister Modi had announced plans to build a third airport at the Vadhavan port, further strengthening Maharashtra’s strategic infrastructure.

The Chief Minister concluded his remarks by expressing confidence that Maharashtra was on track for a record year in FDI, signaling the beginning of a new era of growth and prosperity. His vision for Maharashtra underlined the state's immense potential and its strategic focus on business expansion and infrastructure development.

Maharashtra Chief Minister Devendra Fadnavis praised the state as the driving force behind India’s economic growth, expressing confidence that Maharashtra could soon become the first trillion-dollar sub-economy in the country. Speaking at the CNBC-TV18 India Business Leader Awards (IBLA) in Mumbai, Fadnavis highlighted Maharashtra's role as a business powerhouse and a key player in India's economic landscape, stating, We are back and we are back with a bang. The Chief Minister thanked the people of Maharashtra for their overwhelming support in the recent state elections. He described the mandate won by the Mahayuti coalition as unprecedented and expressed gratitude for the responsibility given to his government to propel the state to greater economic heights. Reflecting on the election results, Fadnavis acknowledged that the massive victory had come as a surprise, attributing it to the success of the government's initiatives and promises fulfilled. He further mentioned that Maharashtra had followed Prime Minister Narendra Modi’s message, “ek hai toh safe hai,” which had worked like magic during the elections. Fadnavis expressed optimism about Maharashtra's economic future, pointing out that the state had already secured 52% of India’s total Foreign Direct Investment (FDI) in the first half of the fiscal year. He also noted that while Karnataka had overtaken Maharashtra when the BJP lost its government in the state, Maharashtra’s advantages, such as Mumbai being the country’s financial hub, set it apart from other states like Gujarat. The Chief Minister spoke about the development of a new business district near Navi Mumbai, which he referred to as third Mumbai, a zone three times the size of the current Mumbai. He called it the next business capital of India and emphasized that the government is working to make the state more business-friendly and hassle-free for investors. He also mentioned significant infrastructure projects underway in Maharashtra, including the Vadhavan port, which he described as one of the largest ports in India and set to transform the maritime economy. Fadnavis added that Prime Minister Modi had announced plans to build a third airport at the Vadhavan port, further strengthening Maharashtra’s strategic infrastructure. The Chief Minister concluded his remarks by expressing confidence that Maharashtra was on track for a record year in FDI, signaling the beginning of a new era of growth and prosperity. His vision for Maharashtra underlined the state's immense potential and its strategic focus on business expansion and infrastructure development.

Next Story
Infrastructure Transport

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Next Story
Infrastructure Urban

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Next Story
Infrastructure Urban

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement