No knee-jerk policy changes in Maharashtra despite govt shifts: CM Devendra Fadnavis at CII Summit

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 investmentrelated decisions reported ANISpeaking at the Confederation of Indian Industry CII Annual Business Summit 2026 in New Delhi Fadnavis said Maharashtrarsquos biggest strength lies in its credibility and ability to deliver on commitments made to industries and investors reported ANIHe noted that Indiarsquos model of competitive federalism has evolved significantly over the past decade with more states now actively competing to attract investments and accelerate economic growthFadnavis says more states are now competing for investmentsFadnavis said that before 2014 only a handful of states were seen as major economic competitors but the number has now increased considerably reported ANIAccording 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 ANIHe said states have increasingly begun marketing themselves like businesses by offering incentives and showcasing their strengths to global investorsHowever Fadnavis argued that Maharashtra continues to stand apart because of the trust it has built among industries over the yearsHe said the state government has consistently honoured commitments made to investors and maintained stability in governance despite political transitions reported ANIMaharashtra has avoided abrupt policy reversals says CMHighlighting the statersquos 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 ANIHe pointed out that successive governments in Maharashtra have largely maintained continuity in economic and industrial policies instead of overturning decisions taken by previous administrationsAccording to Fadnavis this consistency has helped Maharashtra preserve investor confidence and strengthen its position as one of Indiarsquos leading economic hubs reported ANIThe Chief Ministerrsquos remarks come at a time when several states are competing to attract domestic and international investments in sectors including manufacturing infrastructure renewable energy and technologyMaharashtra targets USD 1 trillion economy by 2030During his address at the summit Fadnavis also laid out Maharashtrarsquos longterm economic vision saying the state aims to become a USD 1 trillion economy by 2030 reported ANIHe said Maharashtra intends to position itself among the worldrsquos most significant regional economies by 2047 aligning its growth ambitions with Indiarsquos broader development goalsFadnavis 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 ANIThe CII Annual Business Summit brought together policymakers industry leaders and business representatives to discuss economic growth investment opportunities and Indiarsquos development roadmap over the coming decadesWith inputs from ANI