Maharashtra preferred FDI hub, policy push aimed at a US$5 trillion economy by 2047
- IBEF
- February 24, 2026
Maharashtra Governor Mr. Acharya Devvrat has highlighted the increasing attractiveness of the state as a premier destination for foreign direct investment, contributing over 13.5% to the GDP of India, which is a substantial contribution to the Indian economy. The statement highlighted that the state’s favorable policies for investors, robust infrastructure, and diversified industries are factors that continue to attract foreign investments and make the state a major engine for the Indian economy. Maharashtra Governor Mr. Acharya Devvrat also cited the efforts being made through policy reforms and development initiatives to enhance competitiveness and simplify doing business in the state. These initiatives are in line with the overall vision of India to develop globally integrated economic hubs through innovation, manufacturing growth, and the digital revolution.
To ensure the long-term growth trajectory of the state, a Vision Management Unit has been established to guide the state in achieving its vision of becoming a Rs. 455 trillion (US$ 5 trillion) economy by 2047. The unit is working on improving the state’s strategic planning, monitoring of policy implementation, and ensuring a balanced development approach in infrastructure, technology, services, and industries. The statement emphasised that the state’s systematic vision development is expected to create sustainable growth opportunities, attract more investments, and make the state a major contributor to the future economic growth of India.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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