Maharashtra is considered the growth engine of Indian economy, and the state is looking to make it big on Expo 2020 Dubai, in order to attract investments, the Minister of Industries at Maharashtra, Subhash Desai said.
Unveiling the presence of the State at the India Pavilion in Expo 2020 Dubai, the minister said, “we are ready to welcome the world from Expo 2020 Dubai. We look forward to signing many MoUs with prospective big corporates and governments,”
Desai further said that his state plans to grow into a trillion-dollar economy and will play a bigger role in India’s growth story by drawing in strong investments even during Covid pandemic.
"Maharashtra is banking big on the investor fraternity as part of its participation in Dubai Expo. The state is expected to sign some key investment initiatives, as well as bi-lateral agreements of economic corporation with strategic investment and country partners and, is offering a series of support services through its industry department, where all the clearances and approvals are available at one platform," Desai said.
Desai further said that Maharashtra did not stop during the pandemic and continued to draw investments from across the globe. Corporates from several countries have signed deals with Maharashtra to set up their units even during the Covid19 period.
As per the theme, “Magnetic Maharashtra”, the India pavilion will showcase industrial and financial strength of Maharashtra, and its capital Mumbai, which is known as the richest Indian state.
A 2018 report by New World Wealth ranked the city as being the 12th wealthiest global city, with a total private wealth of USD950bn.
The colourful inaugural ceremony involved a performance by folk dancers and percussion instrument.
The Minister of State for Industries and Tourism, Aditi Tatkare, the Minister for Medical Education and Cultural Affairs of Government of Maharashtra, Amit Deshmukh, Dr. Anbalagan, CEO, MIDC and Nodal Officer, Dubai Expo, Dr. Aman Puri, Consul General of India at Expo 2020 and other officials from state government were also present at the inauguration.
Maharashtra is India’s most attractive FDI destination has drawn almost thirty percent of total FDI flowing in the country from 2000 to 2021. During the pandemic, Maharashtra has drawn USD27.5bn from October 2019 to June 2021. The State contributes around 15 percent to India’s GDP, and has a major share in exports and employment generation for the country.
Apart from trade and commerce, Maharashtra will exhibit its culture and tourism potential, which also forms a major part of the state’s participation at Expo 2020 Dubai.