Senior officials from key Maharashtra development corporations on Thursday (February 19, 2026) highlighted ongoing infrastructure expansion as central to the State’s plan to become a USD 1 trillion economy by 2030. Speaking at the Global Economic Cooperation 2026 summit organised by the Future Economic Cooperation Council, representatives from the Maharashtra State Road Development Corporation, City and Industrial Development Corporation of Maharashtra, Maharashtra Industrial Development Corporation, and Mumbai Metropolitan Region Development Authority outlined projects they said would accelerate growth.
“Maharashtra contributes almost 15% of exports, 15% of industrial output, 31% of FDI, and almost 70% of the data centre capacity of the country,” Vijay Singhal, managing director and vice-chairman of CIDCO, said. “We are moving towards a USD 1 trillion economy by 2030.” He added that the Navi Mumbai International Airport, owned by CIDCO, would support this target as new facilities become operational.
“Yesterday, the Chief Minister inaugurated the FedEx cargo hub, which has a Rs 25,000 crore investment,” Mr. Singhal said. “We are also bringing DHL. We are starting international operations by the end of March. The airport will have two runways and four terminals with a capacity of 90 million passengers per year, making it the size of London’s airport.”
From the road sector, Anilkumar Gaikwad of MSRDC referred to the 701 km Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg linking Mumbai and Nagpur, stating that regional development would follow its completion. “Along the expressway, there is a plan to carry out the systematic development of the nodes,” Gaikwad said. “The expressway has 26 interchanges, and for 15 interchanges, MRSDC will be the planning authority for the area. One interchange is about 8,000 hectares, which is the area that will be developed at each one.”
Shankar Deshpande of MMRDA pointed to the Alibaug–Virar multimodal corridor and added, “The bullet train project will also unlock the area, reaching from Bandra to Thane in 8 minutes,” he said. “As Maharashtra targets a USD 1 trillion economy, the Mumbai Metropolitan Region will itself become a USD 1 trillion economy, and our GDP per capita will rise from USD 4,000 to about USD 10,000. We are working on an ‘infrastructure stack’ — physical, digital, social, blue, and green — to attract global capital.”
Source: The Hindu
