‘$1 trillion by 2030’: Fadnavis unveils Maharashtra’s ambitious economic roadmap at CII summit

Rashmi Pandey — Mon, 11 May 2026 07:20:41 +0000

Maharashtra Chief Minister Devendra Fadnavis on Monday said the state aims to become a $1 trillion economy by 2030, positioning Maharashtra as India’s leading hub for startups, data centres and industrial growth.

Speaking at the Confederation of Indian Industry (CII) summit, Fadnavis stated that Maharashtra currently has an economy valued at nearly $660 billion and continues to maintain its position as one of India’s most significant economic and investment centres.

“Maharashtra is a $660 billion economy, the data centre capital and startup capital of India. Our target is to become a $1 trillion economy by 2030,” the Chief Minister said during his address at the industry gathering.

Fadnavis highlighted the state’s growing role in sectors such as technology, digital infrastructure, financial services, manufacturing and innovation-driven entrepreneurship. He said Maharashtra has emerged as a preferred destination for domestic and global investors because of its infrastructure ecosystem, skilled workforce and industrial policies.

The Chief Minister particularly emphasised Maharashtra’s rapid growth in the data centre sector, driven by increasing digitalisation, artificial intelligence expansion and rising demand for cloud infrastructure. Cities such as Mumbai, Pune and Navi Mumbai have increasingly attracted large-scale investments in digital infrastructure projects over recent years.

Fadnavis also described Maharashtra as the “startup capital of India,” pointing to the strong presence of technology companies, fintech firms, innovation hubs and emerging entrepreneurs operating from the state. Maharashtra, especially Mumbai and Pune, continues to rank among India’s leading startup ecosystems alongside Bengaluru and Hyderabad.

During the summit, the Chief Minister said the state government is focusing heavily on infrastructure expansion, logistics connectivity, industrial corridors, renewable energy and ease-of-doing-business reforms to achieve its long-term economic targets.

Maharashtra remains India’s largest contributor to the national economy and plays a major role in sectors including banking, finance, entertainment, manufacturing, exports and information technology. The state has also witnessed significant foreign direct investment inflows over the past few years.

Industry leaders attending the CII summit discussed investment opportunities, digital transformation, manufacturing growth and India’s broader economic outlook amid global uncertainties and supply chain shifts.

The state government has recently promoted several investment initiatives linked to semiconductor manufacturing, electric mobility, green energy and smart infrastructure projects as part of its broader economic development strategy.

Fadnavis stated that Maharashtra intends to strengthen collaboration with industries, startups and global investors to accelerate growth and job creation over the coming years.

The CII summit brought together policymakers, industrialists and business leaders to discuss India’s evolving economic landscape and future growth opportunities across sectors.

BusinessNews | Business Upturn

‘$1 trillion by 2030’: Fadnavis unveils Maharashtra’s ambitious economic roadmap at CII summit