Maharashtra strengthens position as India’s investment magnet

By Staff Report June 26, 2025 6:49 pm IST

Speaking at the Maharashtra Industry Dialogue 2025 held at Jio World Convention Centre, Mumbai on 25th June, Hon. Chief Minister Shri Devendra Fadnavis highlighted Maharashtra’s dominant role in India’s industrial growth and its emergence as a top investment destination.

Fadnavis emphasised that Maharashtra is the biggest exporting state in India, excluding oil, and accounts for 31% of India’s non-oil exports. It is also home to 25% of all Indian startups and has the highest number of unicorns and MSMEs in the country.

He stressed the inclusive industrial development across various regions of the state:

• Gadchiroli, once an industrially backward area, is emerging as the new Steel City of India, with ambitions to produce one-third of India’s steel output.
• Amravati is now a hub for textiles with a fully developed cotton-to-fashion value chain, supported by the PM MITRA initiative.
• Chhatrapati Sambhajinagar is developing as India’s EV capital, driven by rapid investment and ecosystem growth.
• Nashik is poised to become a defense manufacturing hub, with new corridors planned across Pune, Sambhajinagar, and Aarya Nagar.
• Raigad and Navi Mumbai together form India’s data center capital, contributing 60% of the country’s data capacity, and are being developed into the third business nucleus of Mumbai.
• The upcoming Vadhavan Port, projected to be three times the size of JNPT and among the world’s top 10 ports, is expected to boost logistics and reduce costs. It will connect to 20 districts via access-controlled roads linking to the Samruddhi Highway.

The Chief Minister also underlined Maharashtra’s commitment to sustainable development. By 2030, the state aims for 52% of its power to come from renewable sources, while green mining and transportation policies are being implemented, particularly in Gadchiroli, which will also see the planting of one crore trees.

The state’s MAITRI single-window system, developed by MIDC, was lauded for providing end-to-end integration to streamline industrial approvals.

Fadnavis concluded by affirming Maharashtra’s commitment to contributing significantly to India’s goal of becoming a $5 trillion economy and reiterated support for the vision of “Viksit Bharat.”