- Mumbai will become the fintech capital of the world!
- Transforming the financial sector with AI and quantum technology
- Know the Chief Minister's vision
Global Fintech Fest 2026 : Chief Minister Devendra Fadnavis asserted that Maharashtra is determined to bring the benefits of new technologies in the digital financial sector to common citizens, farmers, women entrepreneurs, startups and micro, small and medium enterprises, and financial inclusion will get a new direction through agentic AI and quantum technology. ( Global Fintech Fest 2026 )
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'Global FinTech Fest 2026
Speaking at the 'Global FinTech Fest 2026' held at the Jio Center in Bandra Kurla Complex in Mumbai, the Chief Minister highlighted the potential of agentic AI, tokenization and quantum technology to bring about a major transformation in the financial sector. President of 'Global Fintech Fest 2026' Kris Gopalakrishnan, Executive Director of National Payment Corporation of India Sohini Rajola, Chief Minister's Investment Adviser Kaustubh Dhavse and others were present on this occasion.
Resolve to make the country's first 'Tokenized State'
Chief Minister Fadnavis said that at the Global Fintech Fest last year, a resolution was expressed to make Maharashtra the first 'tokenized state' in the country. In that direction, the state government has taken an important step and started drafting the 'Maharashtra Digitization and Exchange of Land Token Assets Act (Delta Act)'. The Act will create the necessary legal framework for blockchain-based tokenization of land and real estate.
He said that participation of experts from SEBI, BSE, NSE, industry, technology, law and education sectors is being ensured in this process. Tokenization is the process of converting capital trapped in real estate into productive economic opportunities. This will increase transparency, create liquidity and harness idle wealth for economic development, the Chief Minister said.
Mumbai is the emerging fintech capital of the world
Chief Minister Fadnavis said that the future of global financial sector is now happening in India and especially in Mumbai. Being the financial capital of the country, Mumbai is fast emerging as the emerging fintech capital of the world. He said that the concept of 'Potential of Impact' is very important for this year's Global FinTech Fest, and converting the capabilities of technology into actual results is the need of the hour.
Ability to provide information, services in new technologies
Through Unified Payments Interface (UPI), India has set an example for the world. Now the next step is to democratize credit, investment, ownership and financial information. He noted that the new technology has the potential to provide quality financial information and services to businesses in Kolhapur, farmers in Vidarbha or women entrepreneurs in Pune, just like large financial institutions.
Financial advice to farmers in their mother tongue
Stating that financial services will get a new direction through agentic AI, Chief Minister Fadnavis mentioned that in the future, an AI assistant of an entrepreneur will be able to identify his financial needs and suggest suitable financial options. Farmers can get financial advice in their mother tongue. However, he stressed that while AI works for citizens, the ultimate control should remain in the hands of citizens.
An enabling ecosystem around state-of-the-art technology
Referring to Maharashtra's financial, technological and infrastructural strengths, the Chief Minister said that Mumbai provides the largest financial ecosystem in the country, Pune is a center of excellence in technical and engineering expertise, while Navi Mumbai is emerging as a new hub of data, infrastructure and global connectivity. The state has an enabling ecosystem around artificial intelligence, data centers, global capability centers, startups, universities and cutting-edge technologies.
A laboratory of innovation rather than a market
Chief Minister Fadnavis urged the industry and technology sector to look at Maharashtra as a laboratory of innovation and not just as a market. He said that innovative solutions in the fields of agriculture, MSME, urban development, health, mobility, financial inclusion, fraud prevention and public finance management should be presented to the state government and the government would fully cooperate to test them on a large scale.
It will bring about a new financial revolution
Under the leadership of Prime Minister Narendra Modi, India has given the world a new model of digital financial infrastructure. Now the world is paying attention to what new financial revolution India will bring. Chief Minister Fadnavis assured that Maharashtra will continue to be the forerunner of this transformation and develop as the largest 'real world testbed' for next-generation fintech solutions in the country. The state government will do its best to realize Prime Minister Narendra Modi's dream of making Mumbai the fintech capital of the world. The best ideas can come from anywhere in the world; Let's prove it in Maharashtra and Mumbai and present it to the world, appealed Chief Minister Fadnavis.
On this occasion, in the presence of Chief Minister Fadnavis, the agreement between MMRDA and SEBI, National Stock Exchange and Enforcement Directorate regarding expansion in BKC was transferred.
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