Maharashtra Achieves Record Foreign Investment in Just 9 Months: CM Fadnavis
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Synopsis
Maharashtra has secured the highest annual foreign direct investment in a decade within just nine months of the fiscal year 2024-25, according to Chief Minister Devendra Fadnavis. The state received Rs 1,39,434 crore in the first nine months, surpassing its previous records and highlighting its status as a leading destination for FDI.
Key Takeaways
- Maharashtra achieved record FDI of Rs 1,39,434 crore in 9 months.
- State accounts for 31% of total FDI inflow in India.
- Investment expected to create 15 lakh jobs.
- Governor highlighted Maharashtra's contribution to national GDP.
- Government to disburse Rs 5,000 crore subsidy to industries.
Mumbai, March 7 (NationPress) Chief Minister Devendra Fadnavis announced on Friday that Maharashtra has achieved the highest annual foreign direct investment (FDI) in the last decade in just nine months of the fiscal year 2024-25.
According to the Chief Minister, the state has received a staggering Rs 1,39,434 crore in FDI during the initial nine months of the financial year 2024-2025, as reported by the Department for Promotion of Industry and Internal Trade (DPIIT).
The cumulative equity inflow of FDI from October 2019 to December 2024 stands at Rs 6,71,863 crore, which accounts for 31 percent of the total FDI equity inflow in India. This performance has allowed Maharashtra to surpass competitive states like Karnataka, Gujarat, Delhi, Tamil Nadu, and Haryana.
In a post on X, the Chief Minister expressed, "Maharashtra has attracted record foreign investment in the last decade in just 9 months! The DPIIT has published the foreign investment report as of December 2024, highlighting that Maharashtra has garnered the highest annual foreign investment in a decade within just 9 months. The total FDI received is Rs 1,39,434 crore, marking the highest single-year foreign investment in Maharashtra in the past ten years."
He continued, "This achievement means that the Grand Alliance government has surpassed its own record set in the fiscal year 2016-17. With one quarter remaining in this fiscal year, I extend heartfelt congratulations to all of Maharashtra! Under the guidance of my colleagues Deputy Chief Ministers Eknath Shinde and Ajit Pawar, our drive for progress in Maharashtra will persist."
This announcement follows the comments made by Governor C.P. Radhakrishnan, who noted in his address to the Assembly that Maharashtra is a favored destination for Foreign Direct Investment, contributing over 14 percent to India’s total GDP, establishing it as one of the foremost industrial states.
Furthermore, the Chief Minister highlighted that during the World Economic Forum in Davos, Switzerland, in January 2025, the government signed Memorandums of Understanding worth around Rs 15.72 lakh crore with 63 national and international firms, which is expected to create over 15 lakh job opportunities in the state.
Additionally, the government intends to allocate an Investment Promotion Subsidy of approximately Rs 5,000 crore to various industries in the state to enhance investments, promote industrial development, and generate employment opportunities. Last year, legislation was enacted to streamline investments, facilitating a hassle-free approach through the effective application of a single window system designed to provide all essential approvals promptly.
