Maharashtra deputy CM pitches state's economic prowess to UK lawmakers

Maharashtra's Deputy Chief Minister Eknath Shinde presented the state as a key economic engine during an address at the House of Lords in London, underscoring its significance as both an industrial and financial hub for India.

Shinde emphasized Maharashtra's substantial economic footprint, noting that the state accounts for nearly 14 percent of India's gross domestic product. He further stressed the state's appeal to foreign investors, pointing out that Maharashtra attracts more than 30 percent of the country's total foreign direct investment inflows.

The visit represents efforts to strengthen economic relationships between Maharashtra and the United Kingdom, positioning the state as an attractive destination for British businesses and investors. The address to British lawmakers provided a platform to showcase investment opportunities and potential areas for bilateral cooperation in sectors where both regions have complementary strengths.

Maharashtra's economic prominence has made it a focal point for India's growth narrative, with its capital Mumbai serving as the country's primary financial center. The state's manufacturing base, coupled with its services sector capabilities, continues to attract multinational corporations and venture capital seeking exposure to India's expanding economy.