Why Should UK Investors Consider Maharashtra for Investment?

Synopsis
Key Takeaways
- Maharashtra is recognized as an investment-friendly state.
- UK investors are encouraged to explore various sectors such as finance, education, and technology.
- Significant urban development projects are underway, enhancing infrastructure.
- New policies in the education sector aim to attract foreign universities.
- The state is making strides towards renewable energy and digital transactions.
Mumbai, Oct 8 (NationPress) Chief Minister Devendra Fadnavis on Wednesday encouraged investors from the UK to channel their investments into Maharashtra, highlighting that their investments would be lucrative due to a range of initiatives aimed at enhancing the 'Ease of Doing Business' and addressing investors' challenges.
"Maharashtra is recognized as the most industry-friendly state in India, boasting excellent communication infrastructure. The education sector has established collaborations with prestigious universities worldwide, leading to the creation of a significant pool of skilled labor," he remarked, emphasizing that the state offers a favorable atmosphere for industries.
Fadnavis made these comments during a meeting with CEOs from Britain accompanying UK Prime Minister Keir Starmer. He elaborated on the investment landscape, infrastructure, and future development strategies in Maharashtra.
He noted that just as London symbolizes the UK, Mumbai embodies Maharashtra, which in turn represents India. The process of obtaining industrial licenses has been streamlined under the 'Ease of Doing Business' initiative.
"A dedicated War Room has been established to troubleshoot investors' issues, with monthly reviews in place. The state presents vast opportunities across all sectors, including industry, finance, education, urban development, and technology," he stated.
According to the Chief Minister, a new policy has been launched in the education sector, paving the way for foreign universities to operate in the state. A significant project, ‘Edu City,’ is being developed in Navi Mumbai, which will host a campus of the University of London and cater to two thousand students.
"Modern urban development is advancing in the state through projects like the Navi Mumbai Airport, Sea-Link, and 'Third Mumbai'. The Vadhavan Port is under construction, and the area is being transformed into 'Fourth Mumbai' with the Bullet Train Station and Green Industrial Zone," he added.
CM Fadnavis highlighted that Chhatrapati Sambhajinagar is evolving into an EV hub, Nagpur is becoming a solar module manufacturing center, and Pune is a key industrial hub. He noted that Maharashtra is at the forefront of startups and investments in India.
He stated that India has emerged as an investment-friendly nation, thanks to infrastructure enhancements and increased administrative transparency. The highest volume of digital transactions globally is occurring in India, a feat credited to Prime Minister Narendra Modi.
CM Fadnavis announced that the state government aims for a 50% renewable energy usage target by 2030, with significant promotion of solar energy in Maharashtra. Additionally, a specialized system is being developed in Pune for data centers, AI, and quantum technology.
He added that partnerships with international entities like HP through skill universities are underway to cultivate expertise. Mumbai serves as the hub for fintech and finance firms, and efforts are being made to further strengthen the collaboration between Britain and India.