Maharashtra Chief Minister Devendra Fadnavis painted an ambitious picture on Tuesday, forecasting Mumbai’s transformation into the world’s foremost portal for international capital. During his keynote at the Global Economic Cooperation Conference’s launch, he stressed the vital contributions of Mumbai and Maharashtra to worldwide financial steadiness.
In a multipolar era, success demands trustworthy collaborations, Fadnavis noted, advocating for ‘trusted globalization.’ Maharashtra’s clout is evident in its 14-15% GDP contribution, FDI leadership, 20% industrial share, and control over more than 60% of container traffic via western ports.
He elaborated that true economic independence involves not just self-dependence but integrating varied commerce, production strength, energy assurance, tech innovation, tactical freedom, and strategic ties—a roadmap Maharashtra follows diligently.
Anticipating corridor-driven global structures, Fadnavis affirmed Maharashtra’s central involvement. Mumbai excels in openness, governance, and comprehensive growth, leveraging its heritage in sea trade, enterprise, and global networks to craft a secure, equitable, and capable economic framework. The multipolar shift offers immense potential, which Maharashtra is geared to harness.
The next era’s might will arise from AI, data mastery, chip supply lines, and proficient talent pools. Maharashtra’s initiatives include AI parks, data clusters, and skill-focused universities.
Climate change now poses geopolitical risks, prompting massive state investments in green hydrogen, solar/wind renewables, sustainable transport, and urban sustainability.
India’s financial nerve center, Mumbai thrives on connectivity from highways to oceanic routes. Its western maritime position features JNPA, Navi Mumbai’s new airport, and Vadhavan port, positioning it as the India-Middle East-Europe corridor’s western pillar. Expanding trade with Africa, Gulf nations, and Asia solidifies these vital partnerships.