Mumbai, Feb 17 (NationPress) Chief Minister Devendra Fadnavis stated on Tuesday that Mumbai is set to transform into a gateway for global capital in the near future. He emphasized that Mumbai and Maharashtra will play a pivotal role in fostering global economic stability.

During his inaugural speech at the three-day Global Economic Cooperation Conference, he expressed that a reliable partnership is essential for success in a multipolar world.

“As we enter a new era of globalization, the notion of 'trusted globalization' is emerging, underscoring the strategic significance of Maharashtra. Contributing 14-15% to India’s GDP, Maharashtra leads in foreign investments, accounts for 20% of the nation’s industrial output, and facilitates over 60% of container traffic from western ports,” the Chief Minister stated.

He elaborated that economic sovereignty transcends mere self-reliance; it necessitates a well-rounded mix of diversified trade, production capabilities, energy security, and technological advancements. This is the approach Maharashtra is committed to.

“The future global order will be corridor-based, and Maharashtra will play a crucial role in this transition. Mumbai will lead the way in transparency, regulation, and inclusiveness,” he noted.

The Chief Minister remarked, “Mumbai boasts a rich history of maritime trade, entrepreneurship, and global interaction. From this city, we will establish a stable, inclusive, and strategically sound economic framework. A multipolar world presents not a threat, but an opportunity if designed effectively. Maharashtra is poised to seize that opportunity.”

He pointed out that the future will hinge on the integration of artificial intelligence, data governance, the semiconductor supply chain, and a skilled workforce. Maharashtra is in the process of establishing AI parks, data center clusters, and universities focused on skill development. Moreover, climate change has evolved into a significant geopolitical matter.

He added that Maharashtra is heavily investing in green hydrogen, solar and wind energy, green mobility, and sustainable urban infrastructure.

Chief Minister Devendra Fadnavis declared that Mumbai is the financial capital of India. Connectivity—from roads to the Suez Canal, and the Atlantic trade routes to the Pacific supply chain—is a source of strength. Presently, the Indo-Pacific maritime framework and new supply chains are taking shape.

“With the Jawaharlal Nehru Port Authority, Navi Mumbai International Airport, and the proposed Vadhavan Port, Maharashtra is strategically located in the western maritime corridor, ready to become the western hub of the India-Middle East-Europe Economic Corridor (IMEC),” he remarked.

He concluded by stating that Mumbai is elevating historic trade ties while strengthening partnerships with Africa, the Gulf, and Asia.