Maharashtra Chief Minister Devendra Fadnavis on Thursday, July 31, said that the state is rapidly progressing toward its goal of becoming a USD 1 trillion economy, with the broader aim of achieving a USD 5 trillion economy. He stated that the government has sought support from the Asian Infrastructure Investment Bank (AIIB) to help achieve this target, according to a PTI report.
Fadnavis said that Maharashtra is working on a comprehensive roadmap to become a developed state by 2047, during a meeting with Ajay Kumar Pandey, Vice President of Investment Solutions at AIIB, in Mumbai.
"The state's development plan is structured in three phases — short-term, mid-term, and long-term. Several key infrastructure projects are underway, with more in the pipeline. Financial institutions like AIIB will play a crucial role in executing these projects," Fadnavis said.
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He added that nine projects have already been submitted to NITI Aayog and the Union Finance Ministry, and emphasised the need for financial assistance, particularly for river-linking projects and pumped storage schemes.
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