Maharashtra Leads India in Foreign Investment: Devendra Fadnavis
Mumbai (Maharashtra) [India], September 6: Deputy Chief Minister of Maharashtra Devendra Fadnavis announced that Maharashtra emerged as the leader in Foreign Direct Investment (FDI) during the first quarter of the current financial year 2024-25.
In a social media post, Fadnavis stated that Maharashtra received 52.46% of the total FDI in the country during this period. He said, “Congratulations Maharashtra! Very good news!! 52.46 percent of the total foreign investment in the country is done only in Maharashtra!!!”
Fadnavis highlighted that Maharashtra attracted more investment than the combined total of all other states of India. He added, “In short, the total investment in the country during this quarter is Rs 1,34,959 crore, of which Rs 70,795 crore, or 52.46%, came from Maharashtra alone.”
Maharashtra, which has held the top spot in attracting foreign investment for the past two years, received a total of Rs 70,795 crore between April and June 2024. Following Maharashtra, Karnataka secured Rs 19,059 crore in investments, Delhi ranked third with Rs 10,788 crore, Telangana came in fourth with Rs 9,023 crore, and Gujarat rounded out the top five with Rs 8,508 crore. Tamil Nadu ranked sixth with Rs 8,325 crore in FDI, Haryana seventh with Rs 5,818 crore, Uttar Pradesh eighth with Rs 370 crore, followed by Rajasthan ninth with Rs 311 crore.
Fadnavis also highlighted that in FY 2022-23 as well, Maharashtra received FDI of Rs 1,18,422 crore, surpassing the combined investment received by Karnataka, Delhi, and Gujarat. In 2023-24, the state attracted Rs 1,25,101 crore, more than double of Gujarat and more than the combined total of Gujarat and Karnataka.
Highlighting the achievements of his government, Fadnavis stated, “From 2014 to 2019, during our time in power, Maharashtra attracted Rs 3,62,161 crore in foreign investment. We pledged to complete five years of work in just two and a half years, and in this period, we have secured Rs 3,14,318 crore in investment.”
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Maharashtra -: Maharashtra is a state in the western part of India. It is known for its capital city, Mumbai, which is the financial hub of the country.
Foreign Investment -: Foreign Investment means money that comes from other countries to invest in businesses or projects in India. It helps in creating jobs and boosting the economy.
Devendra Fadnavis -: Devendra Fadnavis is a politician in India. He is the Deputy Chief Minister of Maharashtra, which means he helps lead the state government.
Foreign Direct Investment (FDI) -: Foreign Direct Investment (FDI) is when people or companies from other countries put their money into businesses in India. This helps the businesses grow and creates more jobs.
2024-25 financial year -: The 2024-25 financial year is a period from April 2024 to March 2025. It is used by the government and businesses to plan and report their finances.
Rs 70,795 crore -: Rs 70,795 crore is a large amount of money. One crore is equal to 10 million, so this amount is 70,795 times 10 million rupees.
Karnataka -: Karnataka is a state in the southern part of India. Its capital city is Bengaluru, which is known as the tech hub of India.
Delhi -: Delhi is the capital city of India. It is a large city with many important government buildings and historical sites.
Telangana -: Telangana is a state in the southern part of India. Its capital city is Hyderabad, which is known for its technology industry and historical landmarks.
Gujarat -: Gujarat is a state in the western part of India. It is known for its strong economy and vibrant culture.