Overview
- In back-to-back legislative replies on Feb 26–27, Chief Minister Devendra Fadnavis said the state is on track for the $1 trillion target by 2030, noting gross state product has risen from ₹13 lakh crore in 2012–13 to about ₹51 lakh crore, roughly $660 billion.
- Maharashtra’s share of national output is put at 13.5–14% with about 39–40% of India’s FDI, as officials claim MoU conversion above 55% overall and above 75% for Davos deals, including reported implementation rates of 98% (2022), 80% (2023), 70% (2024) and 88% (2025).
- Following the 2026 Davos summit, the state reports 67 MoUs worth ₹31,25,882 crore and says additional investment discussions exceeding ₹10 lakh crore have begun with international companies.
- Announced projects include an Innovation City near Navi Mumbai airport, planned ‘Mumbai 3’ and ‘Mumbai 4’ development corridors, expansion at Vadhavan port with capacity projected at three times JNPT, and a World Competency Center in Mumbai.
- Leaders highlight decentralised industrialisation and jobs: proposed hubs span Gadchiroli for green steel, Chhatrapati Sambhajinagar for EVs, Nagpur for solar modules and Nashik for defence aviation, alongside claims of a ‘Year of Recruitment’ filling 85,363 of 1.53 lakh posts and a drop in unemployment to 3.1%.