Maharashtra Government Unveils Comprehensive Strategies to Draw Investments
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Mumbai, Dec 12 (NationPress) The Maharashtra government, in a determined effort to uphold its status as a prime destination for both domestic and foreign investments, has unveiled a series of initiatives. These include the creation of a “country desk” aimed at providing advice and assistance to investors regarding their proposals.
The government emphasized the importance of formulating policies that align with global and regional investment trends to attract new investments. There will be a concerted effort to enhance collaboration between the state government and key industry associations.
To promote preferential investments in Maharashtra, the state government has already reached out to potential investors. Continuous support will be extended to investors, and the Memorandums of Understanding (MoUs) signed thus far will be fast-tracked for implementation. Additionally, the government will work diligently to raise awareness about the investment opportunities available in Maharashtra.
As stated by the Chief Minister’s Office, the government is set to increase its collaboration with multilateral organizations and development banks. Coordination with embassies and trade associations will be intensified, and the government aims to motivate the Marathi diaspora to invest in the state.
Furthermore, the government plans to prioritize attracting investments across various sectors, including electronics, textiles, automobiles, and pharmaceuticals.
The Maharashtra Industrial Development Corporation (MIDC), the Maharashtra Industry, Trade and Investment Facilitation Cell, and the Directorate of Industries are expected to play a pivotal role in executing these new investment attraction strategies.
Moreover, the government intends to develop new investment strategies that resonate with global and regional trends while encouraging Maharashtrian entrepreneurs abroad to invest back home.
This strategic move by the state government is particularly significant as Maharashtra has emerged as the leading state in attracting Foreign Direct Investment (FDI) for two consecutive years, 2023-24 and 2024-25. The state secured an impressive Rs 1,25,101 crore in FDI in 2023-24 and led the nation again in the first two quarters of 2024-25, amassing Rs 1,13,236 crore, exceeding 90 percent of the previous year’s total FDI. Maharashtra remains a favored destination for FDI.
As a key industrial hub in the country, Maharashtra contributes over 14 percent to India’s total GDP. The government has set an ambitious goal to make Maharashtra the first state in India to reach a one trillion US dollar economy by the year 2027-28.
