Speaking at a programme of the CII Young Indians, the CM said efficient administration and effective implementation of decisions are accelerating development in Maharashtra
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As India is moving towards a $5 trillion economy, a roadmap is ready for Maharashtra to become a $1 trillion economy by 2029, Chief Minister (CM) Devendra Fadnavis said on Sunday, according to news agency PTI.
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He made the statement while speaking at a programme of the CII Young Indians in Nashik, PTI reported. Fadnavis said efficient administration and effective implementation of decisions are accelerating development in Maharashtra.
"India's economy is moving towards becoming a $5 trillion economy, in which Maharashtra will have a large share. A roadmap is ready for the state to become a $1 trillion economy by 2029," he said.
According to PTI, he said the speed of communication and infrastructure are crucial for economic development, and the Mumbai-Nagpur Samruddhi Expressway was built for that purpose.
During his address, Fadnavis further stated that Nashik is a significant hub for industrial growth and tourism owing to its skilled workforce, favourable climate, and the presence of Hindustan Aeronautics Ltd (HAL). He added that the city's growth will be further boosted by the under-construction Vadhavan Port in Palghar, which will be connected to Nashik through a greenfield road.
Fadnavis highlighted the role of technology and artificial intelligence (AI) and shared that Maharashtra is working on a Center of Excellence in collaboration with Google.
He stated that AI applications in agriculture and law are generating new job opportunities. The CM also pointed out that Maharashtra is leading in foreign investment and that efforts are underway to ensure that investments are not limited to metropolitan areas such as Mumbai and Pune. Districts such as Chhatrapati Sambhajinagar, Nagpur, and Gadchiroli have emerged as promising investment destinations, he said, according to PTI.
Fadnavis also stressed the importance of sustainable development and the state's focus on strengthening the agricultural sector alongside industrial growth.
"Nashik is a major producer of grapes, onions, and vegetables. Efforts are underway to help farmers access better market systems and improve their income," CM Fadnavis assured.
He further informed that 20 lakh houses are being constructed under the Pradhan Mantri Awas Yojana, which will benefit both the urban and rural regions of the state, PTI reported.
Fadnavis expressed confidence that Maharashtra’s strategic infrastructure projects, technological advancements, and balanced regional development will help the state achieve its ambitious $1 trillion economic target by 2029.
(With PTI inputs)
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