Vidarbha important for Maharashtra’s $1 trillion economy goal: Union Minister Piyush Goyal

Maharashtra will become a $1 trillion economy in three years and Vidarbha will contribute significantly to it, said Union Minister of Commerce and Industry Piyush Goyal at the Advantage Vidarbha conclave’s closing event at Nagpur on Sunday (February 9, 2025).

“India is the world’s fastest-growing economy and is expected to become the third-largest by 2027. In the next two-three years, Maharashtra aims to reach a $1 trillion economy. Under the leadership of [Narendra] Modi, Nitin [Gadkari], and Devendra [Fadnavis], Maharashtra will be the fastest-growing State, and the contribution of Vidarbha is commendable. Vidarbha has become the gateway to growth, evolving into the engine for Maharashtra’s future prosperity,” he said.

Union Minister of Road Transport and Highways Nitin Gadkari and Chief Minister of Maharashtra Devendra Fadnavis were present at the event, too.

Mr, Goyal further asserted that that Vidharbha would be a hub for industries and farmers would get the required support from IIT’ and IIMs. He further added that farmers would witness large-scale development, especially in producing cotton, pulses, and agricultural products among others, under the leadership of Mr. Gadkari and Mr. Fadnavis.

“I am confident that our industries—whether large, MSMEs, or export-driven—will succeed. With new ideas, innovation, and support from researchers, IITs, IIMs, and farmers, we will improve cotton productivity, boost pulses, and create boards for makhana and turmeric. Under the leadership of Nitin Gadkari and Devendra Fadnavis, Vidarbha will see large-scale development,” he said.

Speaking at the closing ceremony, Mr. Fadnavis announced that two centres of development would be established in Vidarbha — one in Nagpur and the other in Amravati — and they would benefit surrounding districts.

He also requested Mr Gadkari to organise a business conclave in Vidarbha dedicated to tourism to showcase the opportunities and possibilities in the field.

Advantage Vidarbha, in its second edition, is aimed at promoting industrial development, business opportunities, and attracting investments in Vidarbha. The event is organised by the Association for Industrial Development (AID).

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