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Fadnavis Sets $1 Trillion-by-2030 Target for Maharashtra at CII Summit

The plan centers on major projects, lower power costs, a pivot to high-value green industry.

Overview

  • Fadnavis, who addressed the CII Annual Business Summit on Monday, set a $1 trillion-by-2030 goal and a 2047 ambition to rank among the most significant regional economies.
  • He highlighted new and ongoing infrastructure as growth drivers, citing the completed Mumbai Trans Harbour Link, the upcoming Navi Mumbai International Airport, the Samruddhi corridor and Vadhavan Port.
  • He pledged to cut industrial power tariffs by 3% each year through 2030 under an approved 2025–2030 multi‑year tariff plan, a move meant to lower factory and data‑center costs.
  • He mapped a shift to high‑value and clean sectors such as AI, semiconductors, EVs, data centers and deep tech, and set Gadchiroli on track to become a green‑steel hub by 2032.
  • He framed growth through a hub‑and‑spoke map with Mumbai as the financial core, Pune as the R&D base and Nagpur as a logistics center, while stressing policy continuity and investor trust in a state that he said makes up about 15% of India’s GDP and has drawn roughly 40% of cumulative FDI.