Maharashtra leads India in FDI, secures Rs 1.13 lakh crore in H1 of FY 2024-25

Mumbai (The Uttam Hindu): Maharashtra continues to lead the nation in attracting foreign direct investment (FDI) securing Rs 1,13,236 crore in the first half of fiscal 2024-25 (April–September). This reinforces the state’s position as the top destination for FDI, surpassing competitors such as Karnataka, Gujarat, Delhi, Tamil Nadu and others. Maharashtra Chief Minister Devendra Fadnavis highlighted this achievement sharing the data from the Department for Promotion of Industry and Internal Trade (DPIIT) on social media. He pointed out that the Rs 1,13,236 crore received in just six months represents 94.71% of the total FDI garnered in the entire previous fiscal year. The state has maintained an impressive average annual FDI inflow of Rs 1,19,556 crore over the past four years.

Fadnavis attributed this success to the collective efforts of his cabinet colleagues including Deputy Chief Ministers Eknath Shinde and Ajit Pawar. He expressed confidence that the state’s leadership would continue to drive FDI growth. The Governor of Maharashtra, C.P. Radhakrishnan also praised the state’s FDI performance during his address to the state legislature in December. He noted that Maharashtra topped FDI inflows in 2023-24 and continued its strong performance in 2024-25, contributing over 90% of last year’s total FDI in the first two quarters. Maharashtra which contributes over 14% to India’s GDP is also striving to become the first state in the country to achieve a $1 trillion economy by 2027-28. This consistent inflow of foreign investments showcases Maharashtra’s industrial strength and its key role in India’s economic growth. As the state continues to attract significant investments it solidifies its place as a driving force in India's path to becoming a global economic powerhouse.