A NITI Aayog report has told the state that to turn the Gross Domestic Product (GDP) of MMR to Rs 26 lakh crore ($300 billion) by 2030, the focus has to be on key development areas, including attracting Rs 10-11 lakh crore in private sector investment and transforming cities into growth engines. The study targets the development of Mumbai city and suburbs, Palghar, Raigad, and Thane districts, which account for a third of Maharashtra’s GDP.
The report said the Maharashtra govt needed to focus on seven aspects, including establishing Mumbai as a global services hub, promoting affordable housing, transforming the MMR into a global tourism centre, and integrating the development of ports in the MMR area to create an industrial and logistics hub. Also, the development of well-planned cities, ensuring inclusivity and sustainability, and creating world-class urban infrastructure.
The report also said that the state’s development relies on advancements in transport, communication, and connectivity infrastructure.
Speaking on the occasion, Shinde said his govt is working on affordable housing, employment generation, a data centre in Navi Mumbai, and the Alibag multi-modal corridor. Recently, investment projects worth Rs 80,000 crore have been sanctioned, and efforts are on to develop the 720km coastline of the state for tourism, the chief minister said.