Mumbai: Maharashtra has topped the list of States attracting the highest Foreign Direct Investment (FDI) in the first quarter of the current financial year 2024-2025, Deputy Chief Minister Devendra Fadnavis said on Friday, citing government data.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), Maharashtra received FDI of Rs 70,795 crore in the April to June period this year, accounting for 52.46 percent of the total FDI in India.
Wenesday Rate
Wed 25 Dec. 2024
“We feel extremely satisfied and proud to see Maharashtra emerging as a leading State in FDI,” Fadnavis said.
Maharashtra was followed by Karnataka (in second position with Rs 19,059 crore FDI), Delhi (Rs 10,788 crore), Telangana (Rs 9,023 crore), Gujarat (Rs 8,508 crore), Tamil Nadu (Rs 8,325 crore), Haryana (Rs 5,818 crore), Uttar Pradesh (Rs 370 crore) and Rajasthan (Rs 311 crore).
“Maharashtra alone has investments more than the combined sum of all the above put together! In a nutshell, out of the total FDI Rs 1,34,959 crore that came into India, Rs 70,795 crore i.e 52.46% came into Maharashtra alone!” Fadnavis said in a post on X.
In 2022-23, Maharashtra had received an FDI of Rs 1.18 lakh crore. This was more than the FDI of Karnataka, Delhi and Gujarat, together. In 2023-24, Maharashtra attracted FDI of 1.25 lakh crore, double that of Gujarat, and more than Gujarat and Karnataka combined.
According to Fadnavis, during his tenure as Chief Minister, in the 2014-2019 period, total FDI was Rs 3.62 lakh crore. However, after the government changed following the 2019 Assembly polls, Maharashtra seemed lagging during Maha Vikas Aghadi’s rule, he said.
When the Mahayuti came to power in June 2022, Fadnavis said, they had pledged to accomplish the work of five years within 2.5 years. “It was our endeavour to once again restore the state’s leadership role in investment,” he said.
Accordingly, attempts were made to fast-track mega projects and create a conducive atmosphere to restore investors’ confidence, he said. “It has paved positive results,” he added.
