Mumbai: Even as speed of travel and data will decide the course of future growth, Maharashtra has already taken a leap by setting up 69% of the country’s data centre-related businesses so far, and has developed high-speed Samruddhi-like corridors, the coastal road, Atal Sealink, and many other big-ticket projects, which account for 49% of the infrastructure projects in the country, said chief minister Devendra Fadnavis at the annual global conference of the World Hindu Economic Forum (WHEF), 2024, at BKC, on Friday. This was the CM’s first-ever speech on a global platform after being sworn in.
The upcoming Vadhvan port will make the state a logistics and maritime hub of Asia, he said, pointing out that technologies such as AI will be the key driver of growth as they never differentiate between the rich and the poor. He termed Prime Minister Narendra Modi’s initiative to bring 25 crore Indians out of poverty through several schemes as the success of an All-Inclusive Hindu Growth Rate (AIHGR) model, a term coined by former Prime Minister Atal Behari Vajpayee during his tenure 20 years ago.
WHEF, 2024, commenced with over 1,000 global delegates observing a moment of silence in tribute to the late Padma Vibhushan Ratan Tata. Addressing a packed hall, Fadnavis emphasised that Mumbai is not only the financial capital, but also on the verge of becoming the fintech capital. He encouraged viewing technological disruption positively, likening technology to a horse that we must learn to ride effectively for progress without keeping fear in mind.
Fadnavis said that against the present 16% (15,000 MW) contribution of renewable energy, Maharashtra will achieve 52% (54,000 MW) by 2030, besides achieving river-linking projects. According to him, Maharashtra is the only state in the country whose groundwater table has gone up as per the latest national survey. “The state is focusing on logistics infrastructure, including high-speed highways like the Samruddhi Expressway, which connects 16 districts to JNPT port for port-led developments and trade. The Vadhvan port will be three times larger than JNPT and will be capable of accommodating the largest ships,” he pointed out.
He discussed the importance of progressing in alignment with Hindu ethos, contrasting Western civilisation’s “survival of the fittest” mentality with Hindu philosophy, which promotes community support and collective wellbeing.
Fadnavis stated that by 2030, India aims to become a $5 trillion economy, with some forecasts suggesting a potential reach of $7-9 trillion. He expressed a commitment to making Maharashtra the nation’s first $1 trillion state economy by 2028-2030, emphasising that traditional business practices are no longer sufficient in an era marked by accelerated growth.
Mumbai: Even as speed of travel and data will decide the course of future growth, Maharashtra has already taken a leap by setting up 69% of the country’s data centre-related businesses so far, and has developed high-speed Samruddhi-like corridors, the coastal road, Atal Sealink, and many other big-ticket projects, which account for 49% of the infrastructure projects in the country, said chief minister Devendra Fadnavis at the annual global conference of the World Hindu Economic Forum (WHEF), 2024, at BKC, on Friday. This was the CM’s first-ever speech on a global platform after being sworn in.
The upcoming Vadhvan port will make the state a logistics and maritime hub of Asia, he said, pointing out that technologies such as AI will be the key driver of growth as they never differentiate between the rich and the poor. He termed Prime Minister Narendra Modi’s initiative to bring 25 crore Indians out of poverty through several schemes as the success of an All-Inclusive Hindu Growth Rate (AIHGR) model, a term coined by former Prime Minister Atal Behari Vajpayee during his tenure 20 years ago.
WHEF, 2024, commenced with over 1,000 global delegates observing a moment of silence in tribute to the late Padma Vibhushan Ratan Tata. Addressing a packed hall, Fadnavis emphasised that Mumbai is not only the financial capital, but also on the verge of becoming the fintech capital. He encouraged viewing technological disruption positively, likening technology to a horse that we must learn to ride effectively for progress without keeping fear in mind.
Fadnavis said that against the present 16% (15,000 MW) contribution of renewable energy, Maharashtra will achieve 52% (54,000 MW) by 2030, besides achieving river-linking projects. According to him, Maharashtra is the only state in the country whose groundwater table has gone up as per the latest national survey. “The state is focusing on logistics infrastructure, including high-speed highways like the Samruddhi Expressway, which connects 16 districts to JNPT port for port-led developments and trade. The Vadhvan port will be three times larger than JNPT and will be capable of accommodating the largest ships,” he pointed out.
He discussed the importance of progressing in alignment with Hindu ethos, contrasting Western civilisation’s “survival of the fittest” mentality with Hindu philosophy, which promotes community support and collective wellbeing.
Fadnavis stated that by 2030, India aims to become a $5 trillion economy, with some forecasts suggesting a potential reach of $7-9 trillion. He expressed a commitment to making Maharashtra the nation’s first $1 trillion state economy by 2028-2030, emphasising that traditional business practices are no longer sufficient in an era marked by accelerated growth.
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