Is Maharashtra the Ultimate Investment Hub in 2024-25?

Mumbai, May 30 (NationPress) The Mahayuti administration has firmly established Maharashtra as India’s leading investment hub, successfully drawing in foreign investments totaling Rs 1,64,875 crore for the fiscal year 2024-25. This remarkable figure represents a significant 40 percent of the total foreign investments in the country this year.

The state government highlights that Maharashtra remains the prime choice for investors due to its business-friendly atmosphere, specialized sector facilities, and a workforce where 70 percent is deemed highly employable.

Chief Minister Devendra Fadnavis expressed his joy, stating, "I am thrilled to announce that the last quarter's figures (January to March 2025) have been released, showcasing that Maharashtra attracted Rs 1,64,875 crore in foreign investments for the entire year, representing 40 percent of the total national investment of Rs 4,21,929 crore."

"This year, we have observed a 32 percent increase in investment compared to the previous year. In the last quarter alone, Maharashtra secured Rs 25,441 crore in foreign investment. This year’s results have set a new record for Maharashtra, surpassing achievements of the last decade. We had already broken previous records in the first nine months, and I extend my heartfelt congratulations to the people of Maharashtra," remarked CM Fadnavis.

Maintaining the top position is a significant boost for the Maharashtra government, which aspires to transform into a $1 trillion economy by 2030 and a $5 trillion economy by 2047. The state’s economy has already surpassed the $500 billion threshold.

Sources from the Industry Department noted that Maharashtra is proactive in crafting industry- and sector-specific policies, continually updating its incentives to adapt to the shifting global economic landscape.

"Maharashtra consistently stands out as a premier investment destination in India. The Retail Trade Policy 2016, Maharashtra Electronics Policy 2016, Aerospace and Defence Policy 2018, and Industrial Policy 2019 are all under review to keep pace with changing investment dynamics. Additionally, the government plans to introduce the Circular Economy Policy, MSME Policy, and Leather and Footwear Policy. The state’s GDP has now surpassed $500 billion, outpacing several countries like Singapore and Austria, as well as Indian states like Tamil Nadu and Karnataka," the sources added.

Moreover, the government enacted The Maharashtra Industry, Trade and Investment Facilitation Act on July 3, 2023, aiming to foster a robust ecosystem for industrial growth and enhance investment prospects in the state.

The Maharashtra Industry, Trade and Investment Facilitation (MATRI) cell is designed to be the initial contact point for potential investors looking to enter the state.

Deputy Chief Minister and Finance Minister Ajit Pawar emphasized that this record investment signifies not just rising financial numbers but also a testament to the global confidence in Maharashtra.

"With increased investments, we anticipate a surge in employment opportunities, establishment of new industries, and the emergence of further opportunities," he stated.