Who Leads In Foreign Investment? Maharashtra Or Gujarat? Devendra Fadnavis’ Report Reveals Key Insights

Maharashtra's strong performance in attracting foreign investments is expected to boost employment opportunities, improve infrastructure, and promote further economic development

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devendra fadnavis

In a significant development for Maharashtra’s economy, Deputy Chief Minister Devendra Fadnavis recently announced that the state has garnered 52.46% of the total foreign investment in the country for the financial year 2024-25. Releasing the latest report on foreign direct investment (FDI) during the first quarter of the financial year, Fadnavis expressed his joy, congratulating the people of Maharashtra for the state’s continued dominance in attracting foreign investment.

According to the report shared by Fadnavis, Maharashtra attracted a total of ₹70,795 crore in FDI between April and June 2024. This figure is significantly higher than the investments in other leading states such as Karnataka (₹19,059 crore), Delhi (₹10,788 crore), and Telangana (₹9,023 crore). “Maharashtra has consistently led the country in foreign investments, and this quarter further strengthens our position,” said Fadnavis.

In a tweet celebrating the achievement, Fadnavis stated, “Congratulations Maharashtra! Very happy news!! 52.46% of the total investment in the country is foreign investment in Maharashtra alone!” The report shows that Maharashtra’s foreign investment figures are multiple times higher than those of other states, cementing its status as the top destination for FDI in India.

The data shared by Fadnavis is part of a report by the Department for Promotion of Industry and Internal Trade (DPIIT). The deputy chief minister pointed out that Maharashtra’s foreign investment in the last two financial years has surpassed the combined totals of other leading states such as Karnataka and Delhi. For the financial year 2023-24, the state secured ₹1,25,101 crore, and in 2022-23, it recorded ₹1,18,422 crore in foreign investments.

Devendra Fadnavis credited the robust investment climate in the state and the government’s dedicated efforts to create a conducive environment for investors. “On the very first day, we promised to achieve 5 years of work in 2.5 years. Now, in these two and a half years, we have brought in investments worth ₹3,14,318 crore,” Fadnavis stated in his tweet, reinforcing the state’s rapid progress under his leadership.

Maharashtra’s strong performance in attracting foreign investments is expected to boost employment opportunities, improve infrastructure, and promote further economic development. While the figures for the second quarter of the financial year are still awaited, Maharashtra’s strong start suggests it will continue to lead the nation in FDI for the foreseeable future.