# India Finance Ministry Hosts Viksit Bharat Development Conference

The Finance Ministry of India convened a two-day conference with chief ministers, state finance ministers, and senior officials to strategize financing mechanisms for the Viksit Bharat 2047 development goal. The discussions focused on mobilizing private investment, enhancing state capital expenditure, transforming the agriculture sector, and improving infrastructure through better Centre-state coordination. The conference underscored the need for innovative financing beyond traditional government budgets and emphasized states' roles in creating conducive investment environments and robust project pipelines.

- **Why this matters:** Procurement professionals should anticipate increased demand for infrastructure, agriculture modernization, and capital projects driven by new financing strategies and state-level initiatives.
- The emphasis on private investment and state capital outlay signals opportunities for contractors and vendors specializing in infrastructure development, agricultural technologies, and logistics.
- Enhanced Centre-state coordination may lead to streamlined procurement processes and collaborative funding models, impacting contract structuring and partnership opportunities.
- Organizations should evaluate how evolving financing frameworks and state priorities could influence upcoming tenders and project scopes across multiple Indian states.

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure, Energy & Utilities
**Topics:** Grants & Funding, Physical Infrastructure
**Published:** September 20, 2026

### Government Entities
- Finance Ministry
- Department of Economic Affairs (DEA)
- State Bank of India (SBI)
- Government of Maharashtra
- Government of Bihar

### Key Quotes
> Viksit Bharat depends on Viksit Rajya. Three priorities for States: creating an enabling environment for private investment through availability of land, power and logistics; improving quality of investment through robust project-preparation pipelines; and strengthening States' own capital expenditure despite fiscal constraints.
> — V Anantha Nageswaran, Chief Economic Adviser

> All states appreciated the initiative taken by the Union Finance Minister to bring all the states onto one platform about financing the needs of Viksit Bharat. All states participated very well.
> — Kanubhai Desai, Finance Minister, Gujarat

### Sources
- [Finance Ministry Hosts Landmark Conference for Viksit Bharat Development, ETGovernment](https://government.economictimes.indiatimes.com/news/economy/finance-ministrys-two-day-conference-on-financing-viksit-bharat-concludes/134364640) - ET Government