Mumbai, March 7: Maharashtra has recorded its highest foreign direct investment (FDI) inflows of the last decade within just nine months of the financial year 2024-25, Chief Minister Devendra Fadnavis announced on Friday. The state received a substantial ₹1,39,434 crore in FDI from April to December 2024, breaking the previous record set in the entire financial year 2016-17.
Citing the latest DPIIT (Department for Promotion of Industry and Internal Trade) foreign investment report from December 2024, Fadnavis highlighted Maharashtra's exceptional performance, noting that this figure represents the highest annual foreign investment inflow into the state over the past ten years.
Maharashtra Leads India in FDI Inflows
According to DPIIT’s compiled data, Maharashtra has emerged as India's leading state for foreign investments, followed by Karnataka and Gujarat. The state has achieved this milestone with a quarter still remaining in the fiscal year, signaling further growth potential.
“This is the highest foreign investment received in Maharashtra in any single year in the last 10 years,” Fadnavis emphasized in a post on social media platform X.
Mahayuti Government Surpasses Its Own Record
The record-breaking achievement has been credited to the efforts of the current Mahayuti government, a coalition consisting of the Bharatiya Janata Party (BJP), Shiv Sena led by Eknath Shinde, and the Nationalist Congress Party (NCP) headed by Ajit Pawar. The coalition had secured a landslide victory in the state's assembly elections last year.
Expressing optimism about Maharashtra’s economic future, Fadnavis praised his colleagues, Deputy Chief Ministers Eknath Shinde and Ajit Pawar, along with the cabinet members. He reaffirmed the government's commitment to maintaining this momentum in attracting foreign investments.
With one quarter remaining in the current fiscal year, Maharashtra's investment trajectory suggests it could set an even higher benchmark for FDI inflows by March 2025.
Last updated by a enewsx: