Maharashtra Governor Unveils 'Viksit Maharashtra' Vision for 2047: Focus on Investments and Welfare

Published: February 23, 2026 | Category: Real Estate Maharashtra
Maharashtra Governor Unveils 'Viksit Maharashtra' Vision for 2047: Focus on Investments and Welfare

Mumbai, Maharashtra Governor Acharya Devvrat on Monday outlined an ambitious roadmap for economic growth, infrastructure expansion, and social welfare, saying the state aims to advance under the 'Viksit Maharashtra' vision for 2047.

Addressing the joint sitting of both Houses of the state legislature at the start of the Budget Session, he said the government has prepared a comprehensive strategy to accelerate industrial growth, attract large-scale investments, and generate employment.

Maharashtra continues to remain a preferred destination for foreign direct investment (FDI), contributing over 13.5 per cent to the country's GDP. The state received the highest FDI inflow of ₹1.64 lakh crore in 2024-25, and ₹91,337 crore in the first half of 2025-26, he stated.

During the World Economic Forum held in Davos last month, the state signed MoUs of nearly ₹30 lakh crore with companies from 18 countries, expected to create around 40 lakh jobs, the governor informed in his address.

He said the government has announced multiple sectoral policies, including industry, gems and jewellery, AVGC-XR, bamboo, and global capability centre policies, aiming to attract investments of ₹70.5 lakh crore and generate about 50 lakh jobs between 2026 and 2030.

On infrastructure, Devvrat said that 147 major road projects of ₹4,478 crore covering 1,100 km have been sanctioned. The Samruddhi Expressway will be extended to Vadhvan Port and eastern Vidarbha to boost industrial growth, he added.

The state has also taken steps to improve the ease of doing business by repealing outdated laws and decriminalising minor offences under the Maharashtra Jan Vishwas Act, he stated.

Referring to the agriculture sector, the governor said schemes such as free electricity for farmers, solar pumps under PM KUSUM scheme, and AI-based agriculture policy are being implemented to improve productivity and sustainability. Over ₹15,576 crore has been disbursed as assistance to farmers affected by natural calamities, he said.

The governor also highlighted social welfare initiatives, including women self-help groups under the UMED mission, skill development programmes, healthcare initiatives like free organ transplants and a comprehensive cancer care policy.

Referring to the Maharashtra-Karnataka border issue, he said the government has appointed expert advocates to present the state's case before the Supreme Court.

Devvrat further said that Maharashtra secured the top rank in the Export Preparedness Index 2024 and also won the first prize in the best state category at the National Water Awards.

The government is focusing on education, student mental health, sports promotion, and preservation of cultural heritage, including the development of key religious and historical sites, he stressed.

The governor expressed confidence that members of the legislature would deliberate on the budget proposals and legislation in the session to help propel the state towards greater prosperity.

Stay Updated with GeoSquare WhatsApp Channels

Get the latest real estate news, market insights, auctions, and project updates delivered directly to your WhatsApp. No spam, only high-value alerts.

GeoSquare Real Estate News WhatsApp Channel Preview

Never Miss a Real Estate News Update — Get Daily, High-Value Alerts on WhatsApp!

Frequently Asked Questions

1. What is the 'Viksit Maharashtra' vision?
The 'Viksit Maharashtra' vision is an ambitious plan to transform Maharashtra by 2047, focusing on economic growth, infrastructure expansion, and social welfare.
2. How much FDI did Maharashtr
attract in 2024-25? A: Maharashtra attracted an FDI inflow of ₹1.64 lakh crore in 2024-25.
3. What are the key sectoral policies announced by the government?
The key sectoral policies include industry, gems and jewellery, AVGC-XR, bamboo, and global capability centre policies, aiming to attract investments of ₹70.5 lakh crore and generate about 50 lakh jobs between 2026 and 2030.
4. What infrastructure projects are being sanctioned?
147 major road projects of ₹4,478 crore covering 1,100 km have been sanctioned, and the Samruddhi Expressway will be extended to Vadhvan Port and eastern Vidarbha.
5. What social welfare initiatives are being implemented?
Social welfare initiatives include women self-help groups under the UMED mission, skill development programmes, healthcare initiatives like free organ transplants, and a comprehensive cancer care policy.