12 May,2026 09:46 AM IST | New Delhi | mid-day online correspondent
Maharashtra Chief Minister Devendra Fadnavis. Pic/X
Maharashtra Chief Minister Devendra Fadnavis on Monday said Maharashtra has maintained policy continuity despite changes in government, asserting that the state has avoided abrupt reversals in governance and investment-related decisions, reported ANI.
Speaking at the Confederation of Indian Industry (CII) Annual Business Summit 2026 in New Delhi, Fadnavis said Maharashtra's biggest strength lies in its credibility and ability to deliver on commitments made to industries and investors, reported ANI.
He noted that India's model of competitive federalism has evolved significantly over the past decade, with more states now actively competing to attract investments and accelerate economic growth.
Fadnavis said that before 2014, only a handful of states were seen as major economic competitors, but the number has now increased considerably, reported ANI.
According to the Maharashtra Chief Minister, at least 12 states are currently competing aggressively in areas such as industrial growth, infrastructure development and investment promotion, reported ANI.
He said states have increasingly begun marketing themselves like businesses by offering incentives and showcasing their strengths to global investors.
However, Fadnavis argued that Maharashtra continues to stand apart because of the trust it has built among industries over the years.
He said the state government has consistently honoured commitments made to investors and maintained stability in governance despite political transitions, reported ANI.
Highlighting the state's investment climate, Fadnavis said Maharashtra has developed a strong entrepreneurial culture and a governance model that avoids sudden changes in policies after a change in political leadership, reported ANI.
He pointed out that successive governments in Maharashtra have largely maintained continuity in economic and industrial policies instead of overturning decisions taken by previous administrations.
According to Fadnavis, this consistency has helped Maharashtra preserve investor confidence and strengthen its position as one of India's leading economic hubs, reported ANI.
The Chief Minister's remarks come at a time when several states are competing to attract domestic and international investments in sectors including manufacturing, infrastructure, renewable energy and technology.
During his address at the summit, Fadnavis also laid out Maharashtra's long-term economic vision, saying the state aims to become a USD 1 trillion economy by 2030, reported ANI.
He said Maharashtra intends to position itself among the world's most significant regional economies by 2047, aligning its growth ambitions with India's broader development goals.
Fadnavis described the current period as a defining moment for India amid global economic and geopolitical shifts, adding that Maharashtra plans to pursue transformational growth rather than incremental progress, reported ANI.
The CII Annual Business Summit brought together policymakers, industry leaders and business representatives to discuss economic growth, investment opportunities and India's development roadmap over the coming decades.
(With inputs from ANI)
