Maharashtra Leads in FDI Inflows, Securing 95% of Annual Target in First Half of 2024-25

Maharashtra is leading the way in attracting Foreign Direct Investment (FDI), with Chief Minister Devendra Fadnavis announcing that the state has already received 95% of its annual average FDI inflow in just the first six months of the 2024-25 financial year. Fadnavis proudly shared this achievement on social media, highlighting Maharashtra’s ongoing success in drawing foreign investments.

According to the Chief Minister’s report, Maharashtra outpaced all other states in FDI contributions, accounting for approximately 31.48% of the total national FDI during this period.

For the second quarter ending in September 2024, Fadnavis revealed that Maharashtra had secured a total of Rs 1,13,236 crore in foreign investment between April and September. This amount represents 94.71% of the state’s average annual FDI inflow over the past four years, which stands at Rs 1,19,556 crore.

Fadnavis emphasized the significance of this achievement, stating, “In just six months, Maharashtra has already received nearly the entire amount of FDI that typically comes in a full year.”

He also congratulated the people of Maharashtra for the state’s continued leadership in attracting FDI, affirming that the state government, led by Chief Minister Eknathrao Shinde, Deputy Chief Minister Ajit Pawar, and the entire cabinet, will continue to ensure the state’s economic growth.

Fadnavis credited the surge in foreign investment to the trust global investors have in Maharashtra’s economic policies and business environment.

Here is a summary of Maharashtra’s FDI inflows over the past few years:

• 2020-21: Rs 1,19,734 crore
• 2021-22: Rs 1,14,964 crore
• 2022-23: Rs 1,18,422 crore
• 2023-24: Rs 1,25,101 crore
• 2024-25 (6 months): Rs 1,13,236 crore

Maharashtra’s consistent FDI growth is supported by the Department for Promotion of Industry and Internal Trade (DPIIT), which works with other central ministries to foster a conducive environment for industrial development. The Ministry of Commerce and Industry further highlights India’s rising status as a prime destination for global capital, owing to its investor-friendly FDI policies.