Fri Sep 06 13:31:24 UTC 2024: ## Maharashtra Remains FDI King, Attracting Over Half of India’s Total Investment in Q1 FY24-25
**Mumbai, August 1, 2024:** Maharashtra has once again cemented its position as the top destination for foreign direct investment (FDI) in India, attracting a whopping 52.46% of the country’s total FDI in the first quarter of FY2024-25. The state attracted a staggering ₹70,795 crore in FDI between April and June 2024, exceeding the combined total of all other states.
Deputy Chief Minister Devendra Fadnavis highlighted this impressive feat, stating that Maharashtra has maintained its top ranking for the past two years. He attributed this success to the government’s commitment to achieving five years’ worth of progress in just 2.5 years. In the past two years and three months alone, the government has facilitated ₹3,14,318 crore in foreign investments.
Fadnavis also emphasized Maharashtra’s historical track record in attracting FDI, pointing out that the state secured ₹3,62,161 crore in foreign investments during its previous tenure from 2014 to 2019. He refuted opposition claims that industries have left the state, asserting that the figures reflect the progress made by the Maharashtra government.
In comparison to Maharashtra’s dominance, Karnataka received ₹19,059 crore, Delhi ₹10,788 crore, Telangana ₹9,023 crore, Gujarat ₹8,508 crore, Tamil Nadu ₹8,325 crore, Haryana ₹5,818 crore, Uttar Pradesh ₹370 crore, and Rajasthan ₹311 crore in FDI during the first quarter of FY 2024-25.
This latest achievement further strengthens Maharashtra’s position as a leading economic powerhouse in India, attracting significant foreign investment and contributing significantly to the nation’s economic growth.
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