Maharashtra Achieves 95% of Annual FDI in Just Half a Year, Says CM Devendra Fadnavis

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Maharashtra Achieves 95% of Annual FDI in Just Half a Year, Says CM Devendra Fadnavis

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Maharashtra has taken the lead in attracting Foreign Direct Investment (FDI), with Chief Minister Devendra Fadnavis announcing that the state has already secured 95 percent of its annual average FDI inflow within just the first six months of the financial year 2024-25. 

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Fadnavis shared this accomplishment on the social media platform X, expressing great pride in the state’s continued success in drawing in investments.

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According to the data provided by the Chief Minister, Maharashtra surpassed all other states in FDI contributions, making up around 31.48% of the total national inflow during this period.

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Fadnavis announced the latest FDI figures for the second quarter ending in September 2024, indicating that Maharashtra has attracted a total of Rs 1,13,236 crore in foreign investment from April to September. This amount represents a remarkable 94.71 percent of the average total FDI received by the state over the past four years, which is Rs 1,19,556 crore per year.

“Now the figures for the second quarter ending in September of the financial year 2024-25 have come. In just six months, a total of Rs 1,13,236 crore of foreign investment has been made in Maharashtra. If we look at the average of the last 4 years, an annual investment of Rs 1,19,556 crore has come to Maharashtra. This means that 94.71 percent of the investment of the entire year has come in just 6 months,” Fadnavis stated in his post.

He further emphasized, “This means that 94.71 percent of the investment of the entire year has come in just 6 months.”

The Deputy Chief Minister congratulated the people of Maharashtra, commending the state’s ongoing leadership in attracting FDI. He also assured that the state government, under the leadership of Chief Minister Eknathrao Shinde, Deputy Chief Minister Ajit Pawar, and the entire cabinet, will continue to work diligently to ensure Maharashtra remains at the forefront of economic development.

Fadnavis highlighted that the significant increase in foreign investment reflects the trust that global investors have in Maharashtra’s economic policies and its business climate.

Here’s a summary of the FDI inflows in Maharashtra 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 has experienced steady foreign direct investment (FDI) inflows, as shown in the data released by the Department for Promotion of Industry and Internal Trade (DPIIT). The Union Government, through DPIIT and other central ministries and departments, creates a supportive environment for the country’s overall industrial development by implementing suitable policy measures.

The Ministry of Commerce and Industry states that India has become a prominent destination for global capital, thanks to its investor-friendly FDI policies. 

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