Maharashtra has solidified its position as India’s premier destination for foreign direct investment (FDI), capturing a staggering 52.46% of the total FDI inflow into India during the first quarter of the fiscal year 2024-25.
The achievement marks the third consecutive year that Maharashtra has led the nation in attracting foreign investments, underscoring its robust economic environment and investor-friendly policies.
As per the data released by the Department for Promotion of Industry and Internal Trade (DPIIT) in early September, Maharashtra attracted an impressive ₹70,795 crore FDI from April to June 2024. This figure surpassed the combined FDI of several other leading states and highlighted the state’s economic attractiveness to global investors.
Deputy Chief Minister Devendra Fadnavis expressed pride in the state’s performance, stating, “Maharashtra’s continuous leadership in FDI is a testament to our commitment to economic growth and development. This achievement reflects the confidence of global investors in our state’s potential.”
Why Maharashtra?
The state’s success in FDI can be attributed to several factors, including its strategic location, established infrastructure, skilled workforce, and proactive government policies to foster industrial growth.
The government’s initiative to streamline processes for investors, coupled with incentives for new industries, has played a key role in this surge.
Who else did good in attracting FDI besides Maharashtra?
Karnataka followed Maharashtra with an FDI inflow of ₹19,059 crore.
New Delhi (Union Territory) attracted ₹10,788 crore, Telangana (₹9,023 crore), and Gujarat (₹8,508 crore) also made significant gains, though none came close to Maharashtra’s figures.