Chief Minister Devendra Fadnavis declared Mumbai the future gateway for global capital flows during Tuesday’s address at the three-day Global Economic Cooperation Conference opener. He outlined Maharashtra’s and Mumbai’s leadership in building enduring global economic frameworks.
Fadnavis championed ‘trusted globalization,’ asserting that reliable alliances alone succeed in a fragmented world order. The state’s credentials are impressive: 14-15% of national GDP, frontrunner in foreign capital, 20% industrial output, and over 60% container handling at western ports.
Sovereignty in economics means a synergy of broad trade bases, manufacturing might, energy reliability, technological edge, autonomous decisions, and cooperative ventures—Maharashtra’s guiding philosophy.
With global trade shifting to corridors, Maharashtra will be indispensable. Mumbai’s leadership in clarity, rules, and all-encompassing progress, rooted in its seafaring, entrepreneurial, and connective traditions, will nurture a sturdy, participatory, and astute economic order. Multipolarity is an opportunity Maharashtra will seize.
Supremacy ahead lies in fusing AI, data control, semiconductors, and skilled labor. The state advances with AI zones, data hubs, and vocational universities.
Viewing climate disruption as a power play, investments surge in green hydrogen, solar/wind, green transit, and eco-urban designs.
Mumbai’s financial stature powers through vast connections—roads to canals, Atlantic to Pacific. Western sea centrality brings JNPA, Navi Mumbai airport, Vadhavan port, anchoring the India-Middle East-Europe axis. Ties with Africa, Gulf, Asia ascend, fortifying alliances.