In an impressive display of economic resilience and investor confidence, Maharashtra, India’s vibrant state, has yet again surged to claim the top position in attracting Foreign Direct Investment (FDI). The fiscal year 2022-23 witnessed an astounding influx of Rs 1,18,422 crore in foreign investments, cementing Maharashtra’s reputation as an investment magnet.
Building upon this remarkable feat, the first quarter of the financial year 2023-24 (April to June 2023) continued the momentum with a substantial FDI of Rs 36,634 crore. However, it was the unveiling of the data for the second quarter (July to September 2023) that reaffirmed Maharashtra’s stature, with an additional FDI of Rs 28,868 crore. Once again, Maharashtra clinched the prestigious top spot.
Deputy CM Devendra Fadnavis shared insights into this economic triumph, expressing delight over the state’s consistent performance in attracting foreign investments. He emphasized that the cumulative figures for the April to September 2023 period, soaring to an impressive Rs 65,502 crore, nearly equaled the combined investment attracted by three prominent states – Karnataka, Delhi, and Gujarat.
“The surge in FDI is a testament to Maharashtra’s conducive business ecosystem, strategic infrastructure, and pro-investment policies,” remarked Deputy CM Devendra Fadnavis. He highlighted the collective efforts of various stakeholders, including the government, industry bodies, and the populace, which played a pivotal role in fostering an environment that is exceptionally appealing to investors.
Over the duration spanning April 2022 to September 2023, Maharashtra has witnessed an unprecedented influx of FDI worth Rs 1,83,924 crore, a significant milestone fueling the state’s economic growth and contributing substantially to India’s overall economic trajectory.
This accomplishment extends far beyond mere statistics, propelling Maharashtra onto the global stage as a premier investment destination. The infusion of such substantial investments not only drives economic growth within the state but also bolsters India’s stature in the global investment landscape.
The collaborative efforts and strategic initiatives spearheaded by the government and supported by industry stakeholders have proven instrumental in transforming Maharashtra into a hotspot for global investments.