Maharashtra has once again proved to be the favorite destination for foreign direct investment (FDI), garnering Rs 1,13,236 crore in the first six months of fiscal 2024-25.
This victory reinstates the lead by the state of Maharashtra over others like Karnataka, Gujarat, Delhi, Tamil Nadu (NS:TNNP), Haryana, Telangana, Jharkhand, Rajasthan, and West Bengal.
Maharashtra Chief Minister Devendra Fadnavis posted the data on Friday, taken off from the paper published by the Department for Promotion of Industry and Internal Trade (DPIIT).
The announcement comes ahead of Fadnavis' visit to Davos for the World Economic Forum (WEF) summit, where the state government aims to secure more investments.
Maharashtra will not stop now," said Fadnavis, adding "In just six months, the state has received Rs 1,13,236 crore in foreign investments, which amounts to 94.71 per cent of the total FDI received during the entire previous fiscal year. Over the past four years, Maharashtra has averaged annual FDI inflows of Rs 1,19,556 crore.
Fadnavis highlighted Maharashtra’s strong FDI track record, citing annual figures -- in 2020–21 Maharashtra attracted Rs 1,19,734 crore; in 2021–22 Rs 1,14,964 crore; in 2022–23 Rs 1,18,422 crore; in 2023–24 it attracted Rs 1,25,101 crore; and in 2024–25 (April–September) Maharashtra attracted Rs 1,13,236 crore.
He attributed such success to efforts of his fellow cabinet colleagues Deputy Chief Ministers, Eknath Shinde, and Ajit Pawar; as well as the entire team in the State Government. He remarked, saying: " 'I heartly congratulate Maharashtra. I assure you that under leadership of my colleague, Deputy Chief Minister Eknath Shinde, Deputy Chief Minister Ajit Pawar and entire cabinet, such a race will continue for our Maharashtra.' '.
Maharashtra Governor C.P. Radhakrishnan also emphasized the state's success in his address to the joint session of the Maharashtra Legislature on December 9. "Maharashtra has topped FDI inflows for two consecutive years, 2023–24 and 2024–25," he said, adding, "The state accounted for Rs 1,25,101 crore in FDI last year and Rs 1,13,236 crore in the first two quarters of this fiscal, more than 90 per cent of last year's total FDI."
The Governor further emphasized Maharashtra’s contribution of over 14 per cent to India’s GDP and the government’s ambitious goal to become the first Indian state to achieve a 1 trillion dollar economy by 2027–28.
Maharashtra’s consistent performance in attracting FDI not only reflects its industrial strength but also positions it as a key player in driving India’s economic growth.
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