Maharashtra Chief Minister Devendra Fadnavis on Friday held a meeting with Union Finance Minister Nirmala Sitharaman in Delhi to discuss major infrastructure and climate resilience projects for the state.
In a post on X, CM Fadnavis wrote that during the meeting, the Finance Minister appreciated Maharashtra’s strong financial management and gave a positive nod for a multi-year funding plan. The Department of Economic Affairs (DEA) has been directed to move ahead with approvals for three important externally aided projects.
CM Fadnavis also shared details of the projects in his social media post.
Had a very good meeting with Hon FM Nirmala Sitharaman ji in New Delhi today.
We had an extensive discussion on externally aided projects in Maharashtra. Hon FM appreciated the fiscal prudent management of Maharashtra`s finances and directed the Department of Economic Affairs… pic.twitter.com/u5CbPaaQKz— Devendra Fadnavis (@Dev_Fadnavis) July 25, 2025
The projects include-
– Mukhyamantri Gram Sadak Yojana – A USD 1 billion project with assistance from the Asian Development Bank (ADB) to build roads connecting all villages with populations of over 1,000. This will boost last-mile connectivity and strengthen the rural road network.
Maharashtra – Strengthening Coastal Resilience and the Economy Project (M-SHORE) – A USD 500 million project in collaboration with the World Bank to tackle sea-level rise and protect the Maharashtra coastline using eco-friendly, nature-based solutions.
Maharashtra Urban WSS and Reuse Programme – Another USD 500 million initiative with the World Bank, aimed at treating 100 per cent of municipal wastewater in urban areas and reusing it for industrial needs, supporting sustainable water use.
Senior officials from the Government of India and the Chief Minister’s Office (CMO) were present at the meeting.
These projects are expected to make a significant difference in improving infrastructure, protecting the environment, and supporting Maharashtra’s economic development in the years to come.
Maharashtra leading the way to be USD 1 trillion economy by 2030: CM Fadnavis
Meanwhile, CM Fadnavis on Thursday said that Maharashtra is leading the way. Quoting a research paper, he said the state is set to achieve the USD 1 trillion economy mark by 2030 nearly doubling from its current USD 536 billion, the highest among Indian states and equivalent to Singapore’s economy.
In his post on X, CM Fadnavis said: “Here’s Morgan Stanley research paper showing insights of Maharashtra’s glorious journey! World largest and most reputed investment banking, research and financial institution Morgan Stanley has just released its latest report giving top edge to Maharashtra on almost all key economic variables. This extremely credible ranking of our State and its prowess stands testament to our policy and progress thereof. Thank you Morgan Stanley for your confidence in our State and our competence. From Economic Development to infrastructure, social well-being, exports, fiscal prudence, policy reforms to energy transition & lot more.”
Maharashtra leading the way!
World largest and most reputed investment banking, research and financial institution Morgan Stanley has just released its latest report giving top edge to Maharashtra on almost all key economic variables.This extremely credible ranking of our… pic.twitter.com/cb03oBWIRS
— Devendra Fadnavis (@Dev_Fadnavis) July 24, 2025