Mumbai, February 17: Chief Minister Devendra Fadnavis announced on Tuesday that Mumbai will emerge as a global capital for investment in the coming years. He emphasized that both Mumbai and Maharashtra will play a crucial role in fostering global economic stability.
In his inaugural speech at the three-day Global Economic Cooperation Conference, CM Fadnavis stated that only trusted partnerships can thrive in a multipolar world. He highlighted the concept of ‘Trusted Globalization’ emerging in this new era of globalization, noting Maharashtra’s increasing strategic importance. The state contributes 14-15% to India’s GDP, leads in foreign investment, accounts for 20% of the country’s industrial output, and is responsible for over 60% of container traffic from western ports.
Fadnavis explained that economic sovereignty encompasses more than just self-reliance; it includes a balanced mix of diverse trade, production capacity, energy security, technological capability, strategic autonomy, and collaborative partnerships. Maharashtra embodies this vision.
He further stated, “The future global order will be corridor-based, with Maharashtra playing a significant role. Mumbai will lead in transparency, regulation, and inclusivity. This city has a rich tradition of maritime trade, entrepreneurship, and global connectivity. From here, we will create a stable, inclusive, and strategically capable economic system. A multipolar world presents opportunities, not threats, and Maharashtra is ready to shape that opportunity.”
The Chief Minister noted that future power will be determined by a combination of artificial intelligence, data management, semiconductor supply chains, and skilled human resources. Maharashtra is establishing AI parks, data center clusters, and skill universities. Additionally, climate change has evolved from being merely an environmental issue to a geopolitical challenge.
Fadnavis mentioned that Maharashtra is making significant investments in green hydrogen, solar and wind energy, green mobility, and sustainable urban infrastructure.
He pointed out that Mumbai serves as India’s financial capital, with connectivity from the Suez Canal to the Atlantic trade route and the Pacific supply chain being a source of strength. Maharashtra is centrally located in the western maritime region, home to the Jawaharlal Nehru Port Authority, Navi Mumbai International Airport, and the proposed Vadhavan Port. Mumbai is on track to become the western base of the India-Middle East-Europe Economic Corridor.
The Chief Minister concluded by stating that Mumbai is elevating trade relations with Africa, the Gulf, and Asia, strengthening partnerships along the way.
My name is Himanshu Tiwari. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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