Maharashtra Attracts Highest FDI for Two Consecutive Years: Devendra Fadnavis

Maharashtra Attracts Highest FDI for Two Consecutive Years: Devendra Fadnavis

Maharashtra Attracts Highest FDI for Two Consecutive Years: Devendra Fadnavis

Share This News

Maharashtra has maintained its leading position in attracting Foreign Direct Investment (FDI) for the second consecutive year, Deputy Chief Minister Devendra Fadnavis announced on Friday. According to data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on May 30, the state received Rs 1.25 lakh crore in FDI in 2023-24, up from Rs 1.18 lakh crore in 2022-23.

In a social media post, Fadnavis remarked, “It takes courage to walk the talk, act and prove yourself; but mere jabbering takes no courage.”

He emphasized that Maharashtra’s FDI this year is more than double the total investment received by Gujarat and exceeds the combined investments of Gujarat (Rs 60,600 crore) and Karnataka (Rs 54,427 crore), which ranked second and third, respectively.

Fadnavis also highlighted that Maharashtra, which had lagged in attracting investment during the tenure of the Maha Vikas Aghadi (MVA) government, has reclaimed the top spot for two consecutive years. “I congratulate the people of Maharashtra,” he added.

In response, Congress General Secretary Sachin Sawant acknowledged Maharashtra’s historical leadership in FDI but criticized the BJP for the dip in 2020-21. “The only time the FDI fell was in 2020-21 when the Modi-led BJP government at the Centre ensured that investment in computer hardware, which would normally have come to Maharashtra, went to Gujarat. It was the only time Gujarat was number one in FDI, accounting for approximately 78% of the total investment received by the country,” Sawant said.

Meanwhile, Fadnavis, along with BJP Mumbai unit president Ashish Shelar and the party’s Lok Sabha candidate from Jaunpur, Uttar Pradesh, Kripashankar Singh, were on a two-day election campaign in Jangam, Varanasi. The area has a significant number of residents from Maharashtra, and the trio participated in the ‘Maharashtra aur Kashi Samagam’ as part of the election campaign.