The Maharashtra government has signed 2 significant Memoranda of Understanding (MoUs) to strengthen its industrial and digital ecosystem. Chief Minister Devendra Fadnavis reaffirmed the state's leadership in GDP contribution, FDI inflows, and startup innovation, as Maharashtra continues to position itself as a premier investment destination.
In a renewed push for industrial expansion and digital transformation, the Government of Maharashtra has formalised two MoUs with the National Association of Software and Service Companies (Nasscom). The agreements are designed to enhance opportunities in the state’s technology and small-scale industry sectors.
One agreement was signed directly between the Maharashtra government and Nasscom, while the other was executed between the Maharashtra Small Scale Industries Development Corporation Limited (MSSIDC) and the Nasscom Foundation. Together, these partnerships aim to support MSMEs, improve digital capacity, and drive inclusive growth across various sectors.
Speaking at the Magnetic Maharashtra event in Mumbai on Wednesday, Chief Minister Devendra Fadnavis emphasised Maharashtra’s prominent role in the national economy. He noted that the state contributes approximately 14% to India’s GDP and attracts 31% of the country’s total foreign direct investment (FDI). He also highlighted Maharashtra’s position as the “startup capital of India,” with the state accounting for around 25% of India’s startups, as per news reports.
Uday Samant, the state’s Minister for Industries, shared updates on the government's broader efforts to drive industrial development in underrepresented regions. He stated that initiatives are underway to transform areas like Gadchiroli, traditionally viewed as conflict-prone, into industrial hubs.
“We are rolling out an ultra-mega red carpet for businesses. Gadchiroli will soon be recognized not for unrest, but for industry. We've already secured ₹30,000 crore in investments for Ratnagiri,” Samant said.
Read More: Uno Minda to Establish New EV Component Plant Plan in Maharashtra.
With robust economic indicators, progressive partnerships, and a forward-thinking industrial strategy, Maharashtra continues to lead India's state-level development narrative. These MoUs with Nasscom not only reinforce its digital ambitions but also underline a commitment to inclusive and regionally balanced growth.
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Published on: Jun 27, 2025, 9:33 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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