Maharashtra Budget 2025: New Airport, Job Creation, and Infrastructure Growth

Mumbai to Get Third Airport, Government Plans 1,500 km of New Roads, and Targets Five Million Jobs

Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar presented the state budget for 2025-26 in the Assembly on Monday. This marked his 11th budget presentation, making him the second-most frequent budget presenter in the state’s history after former Congress minister Sheshrao Wankhede, who delivered 13 budgets.

Key Highlights of Maharashtra Budget 2025

Mumbai to Get Third Airport by 2030

One of the major announcements was the proposal for Mumbai’s third airport near Vadhvan Port, expected to be operational by 2030. Additionally, domestic operations at the Navi Mumbai International Airport will commence next month, with 85% of the work already completed and successful trial runs conducted.

Metro Connectivity for Airports

The Mumbai Metro will be extended to connect Chhatrapati Shivaji Maharaj International Airport with the new Navi Mumbai International Airport, improving urban connectivity and reducing travel time.

1,500 km of New Roads Planned

The government announced plans to develop 1,500 km of new roads while upgrading 7,000 km of existing roads into cemented roads. The Shirdi Airport, a significant hub for pilgrims, will soon have a night landing facility to enhance accessibility.

Mumbai Economy Projected to Reach $300 Billion by 2047

Pawar outlined an ambitious vision for Mumbai’s economy, forecasting growth from $140 billion to $300 billion by 2047. The Mumbai Metropolitan Region is also being developed as a major economic hub, aiming for a $1.5 trillion economy.

Five Million Jobs to Be Created

The Maharashtra government aims to generate five million jobs over the next five years. This initiative will be backed by Rs 15.72 trillion worth of MoUs signed with 56 companies at the World Economic Forum in Davos.

Other Notable Announcements

• Health and Senior Citizens Policy: The budget includes provisions for a new policy to improve healthcare and support for senior citizens.
• Chhatrapati Shivaji Maharaj Memorial: The state government will build a memorial at Agra to honor the historic escape of Chhatrapati Shivaji Maharaj from Mughal captivity.
• Technical Textile Mission: Maharashtra will launch a Technical Textile Mission to boost production in industries such as automotive, healthcare, and defense.
• Maitri Portal for Industrial Licensing: The government will introduce the ‘Maitri’ digital portal to streamline and simplify industrial licensing, ensuring a transparent and efficient process.

Maharashtra Economic Survey 2024-25

The Economic Survey tabled on Friday projected Maharashtra’s economy to grow at 7.3% in FY25, surpassing the national growth estimate of 6.5%. However, the survey highlighted a slowdown in the industry and service sectors, as well as a reduction in financial transfers from the central government.

Additionally, the survey reported that as of December 2024, Rs 17,505.90 crore has been distributed under the Ladki Bahin Scheme, benefiting over 23.8 million women. The scheme was a key promise made by the Mahayuti alliance during the Maharashtra Assembly elections.

With a strong focus on infrastructure expansion, job creation, and economic growth, the Maharashtra Budget 2025 sets the stage for the state’s long-term development and investment potential.