The Vadhvan port in Palghar district of Maharashtra is set to be operational by 2030, as announced by Finance Minister Ajit Pawar during the presentation of the Maharashtra Budget 2025. The minister also revealed plans for the development of a third airport for Mumbai near the Vadhvan port, as well as a station for the Mumbai-Ahmedabad bullet train in the vicinity. Additionally, a night landing facility will soon be available at Shirdi airport, with domestic flights scheduled to commence operations at Navi Mumbai International Airport next month.
In his budget speech, Ajit Pawar outlined a Rs 7,20,000 crore budget for the fiscal year 2025-26, highlighting a revenue deficit of Rs 45,891 crore in the state legislative assembly. He emphasized the state’s new industrial policy, which aims to attract Rs 40 lakh crore in investments and create 50 lakh jobs. Pawar also mentioned the development of the Mumbai Metropolitan Region as a growth hub, projected to achieve a $1.5 trillion economy by 2047.
Furthermore, the Maharashtra government is actively pursuing investments in the industrial sector, resulting in significant contributions to the state’s industrial development. Maharashtra leads the country in foreign direct investment (FDI) and has signed Memorandums of Understanding (MoUs) with 63 companies during the World Economic Forum in Davos in January 2025. The Mumbai Metro service is also expected to connect Chhatrapati Shivaji Maharaj International Airport with Navi Mumbai International Airport, further enhancing connectivity in the region.
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