Maharashtra got half of India's FDI in Q1FY25: Devendra Fadnavis shares DPIIT stats on X
Mumbai: Maharashtra has bagged half of India's foreign direct investment (FDI) in the first quarter of the 2024-25 financial year, said Deputy Chief Minister Devendra Fadnavis.
Quoting the quarterly report from the Department for Promotion of Industry and Internal Trade (DPIIT), Fadnavis announced that Maharashtra received Rs 70,795 crore in Foreign Direct Investment (FDI), accounting for 52.46% of the nation's total FDI.
Maharashtra far exceeded its nearest rival, Karnataka, which attracted Rs 19,059 crore in FDI during the April-June 2024 period.
Fadnavis announced on social media platform X, the state's economic success: "In just two years and three months of us being in power, we have brought Rs 314,318 crore's investment, and still the second quarter numbers are yet to be in."
Congratulations Maharashtra !
— Devendra Fadnavis (@Dev_Fadnavis) September 6, 2024
Very good news !
Maharashtra leads in FDI with a staggering 52.46% of India's total investment !
Maharashtra which is consecutively ranked No. 1 for last 2 years in FDI, now has secured maximum investment i.e 52.46% of India's total FDI in the 1st… pic.twitter.com/IVKjGqzGTI
According to DPIIT data, of the total Rs 1,34,959 crore in FDI that came into India in the first quarter, Maharashtra secured the largest share, followed by Karnataka, Delhi (Rs 10,788 crore), Telangana (Rs 9,023 crore), and Gujarat (Rs 8,508 crore).
Maharashtra's investment has shown a notable increase, growing from Rs 118,422 crore in 2022-23 to Rs 125,101 crore in 2023-24.
The DPIIT data also reveals that from October 2019 to June 2024, Maharashtra drawn a total FDI of Rs 603,224 crore (approximately $77,573 million). Most of this investment has been directed toward the services sector, computer software and hardware, and trading.
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