For the first quarter of the current financial year 2024-2025, Maharashtra has drawn in the highest Foreign Direct Investment. According to the Department for Promotion of Industry and Internal Trade, DPIIT, Maharashtra has gained a number one slot among other states as it has received FDI of Rs 70,795 crore in the first quarter of April to June 2024-25.
The neighboring Karnataka fared second by attracting investment worth Rs 19,059 crore, Delhi third with Rs 10,788 crore, Telangana fourth with Rs 9,023 crore, Gujarat fifth with Rs 8,508 crore, Tamil Nadu sixth with Rs 5,818 crore, Uttar Pradesh eighth with Rs 370 crore and Rajasthan ninth with Rs 311 crore.
Maharashtra's Deputy Chief Minister Devendra Fadnavis tweeted on X: "Many Congratulations Maharashtra! Very happy news!! 52.46 per cent of the total investment in the country. Foreign investment only in Maharashtra !!!"
He further said that the investment which had been attracted by Maharashtra was the highest and much more than that of the other states.
In all, the total investment in the country during this quarter is Rs 1,34,959 crore, of which Rs 70,795 crore or 52.46 per cent alone is reported in Maharashtra," said Fadnavis.
The BJP chief, while stating that Maharashtra had received Rs 12,35,101 crore FDI in 2023-24-more than that of Gujarat and more than Gujarat plus Karnataka put together-further claimed that the state had attracted FDI worth Rs 1,18,422 crore in 2022-23 more than Karnataka, Delhi and Gujarat all put together.
He said in the BJP-led government under his chief ministership from 2014 to 2019, Rs 3,62,161 crore of foreign investment had come to Maharashtra.
"In fact on the very first day, that is June 30, 2022, we had said that we - MahaYuti - would do the work of the five-year term in two-and-a-half years. Now, in two-and-a-half years we have brought an investment of Rs 3,14,318 crore. Q2 figures are still to come," he said.
And sure enough, the figures from DPIIT have come as a great relief for the MahaYuti government in particular when the latter's Maha Vikas Aghadi has increased its attacks on the government over flight of capital and investments to Gujarat and other states during its rule.
The MVA's criticism came after the loss of the Rs 1.80 lakh crore Vedanta-Foxconn project, Tata Airbus manufacturing plant and GAIL's 1.5 million tonnes per annum ethane cracking unit proposed at Sehore in Madhya Pradesh with an investment of Rs 50,000 crore to other states.
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