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Will Make Maharashtra The First $1-Lakh Crore State Econ By 2028-2030, Says Fadnavis

Will Make Maharashtra The First $1-Lakh Crore State Econ By 2028-2030, Says Fadnavis

Business Today
Business Today
  • New Delhi ,
  • Dec 13, 2024,
  • Updated Dec 13, 2024, 6:41 PM IST

 

Maharashtra's newly appointed Chief Minister Devendra Fadnavis Friday said he aims to make the state the nation's first $1-trillion state economy by 2028-2030. He said to support this vision, an economic advisory council has been established to develop appropriate policies. Fadnavis said the speed and cost of travel and data will be crucial for growth. "The state is focusing on logistics infrastructure, including high-speed highways like the Samruddhi Expressway, which connects 16 districts to JNPT (Jawaharlal Nehru Port Authority) port for port-led development," he said at the World Hindu Economic Forum. He also announced plans for a new port at Vadhavan, which will be three times larger than JNPT and capable of accommodating the largest ships. On technology, Fadnavis said he aims to make Maharashtra the digital capital of the country. He emphasised that data speed is as vital as physical infrastructure as India transitions into a digital economy, noting that Maharashtra holds 65% of the nation's data centre capacity.

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