At the World Economic Forum (WEF) 2025 in Davos, Switzerland, key figures from the global economy gathered to discuss transformative ideas and strategic collaborations. During this prestigious event, Union Minister Ashwini Vaishnaw and Maharashtra Chief Minister Devendra Fadnavis showcased Prime Minister Narendra Modi’s ambitious ‘Team India Plan.’ They emphasized India’s increasing strength in manufacturing and global supply chains while highlighting Maharashtra’s commitment to becoming India’s first trillion-dollar state economy. This article explores the key highlights and implications of their announcements.
Unveiling the ‘Made for the World’ Initiative
In a significant discussion with Shobhana Kameini from Apollo Hospitals and Sanjeev Bajaj, CMD of Bajaj Finserv, Ashwini Vaishnaw emphasized the Indian government’s focus on inclusive development over the past decade. Under Modi’s leadership, remarkable achievements have been made, including:
| Achievement | Impact |
|---|---|
| 51 crore bank accounts opened | Increased financial inclusion and accessibility |
| 13 crore households provided with water supply | Enhanced quality of life |
| 11 crore LPG connections provided | Improved access to clean cooking fuel |
Vaishnaw noted that the simplification of laws has spurred growth, particularly in the telecommunications sector, contributing to India’s economic growth rate of 6 to 8 percent. The central government’s agenda revolves around the ‘Make in India, Made for the World’ strategy, with a strong emphasis on skill development and empowerment.
Maharashtra’s Investment Milestone of ₹16 Lakh Crore
Chief Minister Devendra Fadnavis presented Maharashtra’s vision to become India’s first trillion-dollar state economy during the WEF 2025. To support this vision, he announced a significant investment of ₹15.7 lakh crore through MoUs signed with various companies. Key highlights include:
| Company | Investment (in ₹ crore) | Estimated Job Creation |
|---|---|---|
| Reliance Industries | 3,05,000 | Approx. 3,00,000 |
| Amazon Web Services | 71,000+ | N/A |
These investments are projected to generate substantial employment opportunities across various sectors, signaling Maharashtra’s strategic role in India’s economic trajectory.
Conclusion: A Promising Future
The initiatives presented by Ashwini Vaishnaw and Devendra Fadnavis at WEF 2025 underscore India’s commitment to becoming a global manufacturing hub and enhance Maharashtra’s status as a key player in India’s economic growth story. The ‘Made for the World’ strategy coupled with significant investments paves the way for a robust, inclusive economy that can meet global standards and demands.