Davos, Jan 19 (NationPress) Emphasizing Maharashtra's stature as a leading global investment hub, Chief Minister Devendra Fadnavis proclaimed that the state acts as the "Gateway of India" for foreign investors.

During a media interaction at the Maharashtra Pavilion at the World Economic Forum (WEF) Annual Meeting in Davos, the Chief Minister expressed strong faith in the state's "ecosystem of trust" and its path towards achieving a trillion-dollar economy.

Joined by Industries Minister Dr Uday Samant and a high-ranking delegation, CM Fadnavis underscored that Maharashtra’s dependability is its key asset.

"We follow through on our commitments. This reliability has strengthened the confidence of global entrepreneurs," he stated.

According to a release from the Chief Minister's office, Maharashtra maintains a competitive edge over other Indian states and continues to lead in attracting Foreign Direct Investment (FDI).

CM Fadnavis estimated that Maharashtra is on course to reach a $1 trillion economy by 2030, ahead of the original 2032 target, with a sustained growth rate exceeding 10 percent over the past decade.

Last year, Maharashtra was responsible for 39 percent of India's total FDI.

The Chief Minister attributed this success to 16 investor-friendly policies that have fostered a strong and trustworthy business climate.

Unlike the industry standard where only 25-30 percent of Memorandums of Understanding (MoUs) typically come to fruition, Maharashtra boasts a conversion rate of 50-55 percent overall, and an impressive 75-80 percent for agreements signed at Davos, he noted.

He detailed several "game-changing" projects currently in progress.

"We are planning to develop an Edu-City, Innovation City, Medicity, and Sports City near the upcoming Navi Mumbai International Airport. This cluster is projected to create 3.5 million high-paying jobs. Maharashtra currently houses 60 percent of India's data center capacity and aims to further expand this through green energy initiatives," said the Chief Minister.

He also mentioned that the Vadhavan Port, set to be among the world's top 10 ports and three times the size of JNPT, will secure India’s supply chain for the coming century.

The first phase is expected to be operational in three years.

Recognizing MSMEs as the backbone of the economy, CM Fadnavis highlighted that the government is not only providing capital but also a reliable track record.

He emphasized the importance of the "New Urbanism" vision inspired by PM Modi, noting that since 65 percent of GDP is generated around cities, enhancing living standards in Maharashtra’s 29 municipal corporations is crucial for economic progress.

The Chief Minister reassured investors of a "zero tolerance" policy towards law and order, ensuring that every investment in Maharashtra is secure, safe, and future-ready.