India, March 7 -- The Maharashtra government has set an ambitious target of increasing the gross income of the state's industrial sector from the current $123 billion to $1,500 billion by 2047. To achieve this goal, the government will launch 'Invest Maharashtra', a unified digital platform aimed at facilitating investments and streamlining industrial development across the state, chief minister Devendra Fadnavis told the legislative assembly on Friday while presenting the state budget.

"The aim is to increase the share of the industrial sector to 30% of the state's GDP by 2047. Maharashtra will become a global manufacturing hub by providing financial assistance and support to micro, small and medium enterprises," Fadnavis said, adding t...