Maharashtra Leads in Startups and Innovation: CM Fadnavis
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Synopsis
Maharashtra, under CM Fadnavis, is emerging as a leader in startups and innovation, showcasing extensive investments in data centers and technology. The state is evolving with new projects and infrastructure, marking it as a prime investment destination.
Key Takeaways
- Maharashtra is the leading state in startups and innovation.
- Navi Mumbai is becoming an educity with top universities.
- The state is investing heavily in data centers and green energy.
- New infrastructure projects are redefining Mumbai.
- India is the third-largest investment destination globally.
Mumbai, March 25 (NationPress) Chief Minister Devendra Fadnavis announced on Tuesday that Mumbai stands as the financial capital of India, with Maharashtra at the forefront of data centers, startups, innovation, and investments.
He emphasized that Maharashtra is now a preferred destination for investors in technology, information technology, and fintech. The Innovation City is under development in the Navi Mumbai region, while a new Mumbai is being established in the Vasai, Virar, and Palghar areas.
The Chief Minister made these remarks during a special conference commemorating the 50th anniversary of the US India Business Council (USIBC) held here. Present at the event were USIBC President Ambassador Atul Keshap, US Consul General Mike Hankey, US Chamber President and CEO Suzanne Clarke, and other distinguished guests.
“Maharashtra leads all states in attracting significant investments, contributing greatly to the country's gross domestic product. The state has shattered its own records in foreign direct investment and is highly regarded by foreign investors. Additionally, it is recognized as the startup capital,” he stated.
He further noted that the region's appeal to industry stems from robust investments in finance, commerce, and innovation.
“Projects like Atal Setu and the Navi Mumbai Airport are revolutionizing the landscape, while a concept-driven innovation city is emerging in Navi Mumbai. An ecosystem focused on innovation and education is being nurtured here. Five universities among the top fifty globally will establish campuses in this area, including three from the US. Thus, Navi Mumbai will earn the title of educity,” he elaborated.
Additionally, he mentioned that Maharashtra is making substantial investments in data centers, which account for 65% of the nation’s total.
“Consequently, the state is also deemed the capital of data centers. These facilities will utilize green energy by 2023. The largest Vadhvan port is also being constructed near Palghar, which will be three times larger than JNPT and connected via a bullet train and multimodal corridor. Furthermore, a third airport is in progress. Thanks to this infrastructure and investment, the area is evolving into the fourth Mumbai,” asserted the Chief Minister.
He remarked that the Gadchiroli district, once known for its Maoist activity, is transforming into the steel hub of India, attracting an investment of around two lakh crores in the steel sector. Pune is recognized as a manufacturing powerhouse, while the Delhi-Mumbai Industrial Corridor in Chhatrapati Sambhajinagar has positioned it as the nexus for electric vehicles.
He also noted that the entire framework for this development has been meticulously planned.
The Chief Minister acknowledged that the USIBC has played an instrumental role in fostering industrial growth in both America and India.
“The Council is actively engaged in enhancing cooperation between industries in both nations. India stands as the third-largest investment destination globally, with numerous Indian entrepreneurs keen to invest in the US, and many US investors showing interest in India,” he concluded.
