Maharashtra secures 52.46% of India's FDI in Q1 FY24-25, surpasses all states combined: Fadnavis

Maharashtra continues its dominance as India's top destination for Foreign Direct Investment (FDI), securing 52.46 percent share of India's total FDI in the first quarter of the financial year 2024-25, Deputy Chief Minister Devendra Fadnavis announced on X (formerly Twitter) on September 6.

Fadnavis said between April and June 2024, the state attracted Rs 70,795 crore in investments.

According to Fadnavis, Maharashtra has consistently ranked No. 1 in FDI for the past two years and has once again outperformed all other states. The state's investment figures exceeded the combined total of other leading states, including Karnataka, Delhi, Telangana, and Gujarat. Karnataka, the second-highest state, received Rs 19,059 crore, followed by Delhi with Rs 10,788 crore, he highlighted.

In total, India attracted Rs 1,34,959 crore in FDI during the first quarter of FY24-25, Fadnavis emphasised.

Fadnavis highlighted the state's consistent FDI growth, with Rs 1,18,422 crore secured in FY22-23 and Rs 1,25,101 crore in FY23-24. He noted that since 2014, Maharashtra has welcomed a total of Rs 3,62,161 crore in foreign investments during their tenure. He also emphasized that the state's current government has attracted Rs 3,14,318 crore in just two years and three months.