Why Should UK Investors Consider Investing in Maharashtra?

Synopsis
Key Takeaways
- Maharashtra offers a conducive environment for investment.
- New educational policies are facilitating foreign university partnerships.
- Modern infrastructure projects are underway that promise to enhance urban development.
- Commitment to sustainability with ambitious energy targets.
- Strong focus on technology and innovation through partnerships with global firms.
Mumbai, Oct 8 (NationPress) Chief Minister Devendra Fadnavis called upon UK investors to channel their funds into Maharashtra, emphasizing the potential for lucrative returns thanks to a range of initiatives aimed at enhancing the 'Ease of Doing Business' and addressing investor concerns.
“Maharashtra stands as the most industry-friendly state in India, equipped with excellent communication infrastructure. We have forged partnerships in the education sector with top universities globally, cultivating a substantial pool of skilled talent,” he remarked, highlighting the state’s favorable conditions for industries.
During a dialogue with British CEOs accompanying UK Prime Minister Keir Starmer, Fadnavis elaborated on Maharashtra's investment environment, infrastructure, and future growth strategies.
He likened Mumbai to London as a hallmark of its respective regions, asserting that Maharashtra represents India on the world stage, while noting that the process for obtaining industrial licenses has been streamlined under the 'Ease of Doing Business' framework.
“A dedicated War Room has been established to tackle investor issues, with monthly reviews. The state offers vast investment opportunities across various sectors including industry, finance, education, urban development, and technology,” he added.
According to the Chief Minister, a new policy in the education sector has paved the way for foreign universities. A project known as ‘Edu City’ is being developed in Navi Mumbai, featuring a campus of the University of London designed to accommodate two thousand students.
“We are witnessing modern urban development through initiatives like the Navi Mumbai Airport, Sea-Link, and 'Third Mumbai'. The Vadhavan Port is under development, aiming to establish 'Fourth Mumbai' with the Bullet Train Station and a Green Industrial Zone,” he stated.
CM Fadnavis mentioned that Chhatrapati Sambhajinagar is evolving into an EV hub, Nagpur is becoming a center for solar module manufacturing, and Pune continues to thrive as an industrial nucleus. He stressed that Maharashtra leads in startups and investments within the country.
He noted that India's investment landscape has transformed due to extensive infrastructure enhancements, leading to increased transparency in governance. Digital transactions among street vendors have surged, contributing to India having the highest number of digital transactions globally, a feat credited to Prime Minister Narendra Modi.
CM Fadnavis announced the state's ambitious target of achieving 50% recycled energy usage by 2030, advocating for large-scale solar energy initiatives in Maharashtra. Furthermore, a specialized framework for data centers, AI, and quantum technology is being established in Pune.
He concluded by emphasizing ongoing efforts to develop experts in collaboration with international partners like HP through skill universities, underscoring Mumbai's status as a hub for fintech and finance companies. He reiterated the commitment to strengthen the partnership between the UK and India.