Union Home Minister and Minister of Cooperation Amit Shah inaugurated the newly constructed headquarters of the Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA) in Mumbai today. The event also featured a state-level cooperative industrial conference, with Maharashtra Chief Minister Devendra Fadnavis, Union Minister of State for Cooperation Murlidhar Mohol, and other dignitaries in attendance.
Shah reflected on the enduring legacy of Seth Walchand, a pioneering industrialist whose contributions have continued to benefit Maharashtra and the nation. Shah emphasized that institutions celebrating a centenary must not only take pride in their legacy but also use the occasion for introspection and renewal.
He remarked that in the century since MACCIA’s founding, the global and national economic landscape has undergone transformative changes. With globalization reshaping commerce, industry, and agriculture, Shah called on Chambers of Commerce across the country to adapt their methods and reassess their relevance. He urged them to engage professional institutions to align operations with the evolving economic and policymaking frameworks of both state and central governments.
Highlighting India’s economic trajectory, Shah said that the country has emerged as the world’s fourth-largest economy, overtaking former colonial powers. He credited policy reforms and their robust implementation under Prime Minister Narendra Modi’s leadership for this significant progress, including the rising global standing of the Indian passport.
Shah said that Maharashtra has become a symbol of India’s industrial growth, hosting the country’s financial capital and contributing 39% of India’s total Foreign Direct Investment (FDI). He cited that the state also leads in startups, tourism, income tax filings by women, and infrastructure development — including the upcoming Vadhavan Port and the bullet train project.
Addressing the development of Mumbai and its surrounding areas, Shah revealed that the central and state governments, operating under a “double-engine” governance model, are investing over ₹7 lakh crore in transformative projects. This effort, he said, is infusing Maharashtra with new energy and fostering long-term development.
Drawing a comparison between two decades, Shah stated that Maharashtra received ₹1.91 lakh crore in central devolution and grants between 2004 and 2014, whereas this amount increased to ₹7.82 lakh crore during the Modi government’s tenure from 2014 to 2024.
Emphasizing the importance of cooperative federalism, Shah said that Prime Minister Modi’s vision of “Team India” is central to the nation’s development. He added that the joint efforts of the Centre and the States, along with a constructive mindset, are driving the country’s rapid progress.
MACCIA’s role, he added, remains crucial as it continues to raise demands for policy changes, infrastructure upgrades, and solutions for issues in trade, industry, and agriculture. Shah called upon all Chambers of Commerce to evolve with the times and continue contributing meaningfully to India’s economic journey.