NEW DELHI: Maharashtra has recorded its highest annual foreign direct investment (FDI) in a decade within just the first nine months of the financial year 2024-25, Chief Minister Devendra Fadnavis informed. Citing data from the Department for Promotion of Industry and Internal Trade (DPIIT), he revealed that the state has received a total FDI inflow of Rs. 1,39,434 crore between April and December 2024.

The cumulative FDI equity inflow into Maharashtra from October 2019 to December 2024 has reached Rs. 6,71,863 crore, accounting for 31% of the total FDI equity inflow in India. With this, Maharashtra has outpaced other leading states, including Karnataka, Gujarat, Delhi, Tamil Nadu, and Haryana, solidifying its position as the country’s top investment destination.

In a post on X, Chief Minister Fadnavis highlighted this remarkable achievement, saying, “Record foreign investment in the last 10 years has come to Maharashtra in just nine months! The DPIIT report for December 2024 confirms that Maharashtra has received the highest annual foreign investment in the past decade within a single financial year.”

He further said that Maharashtra’s Grand Alliance government has surpassed its own previous record set in the financial year 2016-17, while emphasizing that the final quarter of the current fiscal year is still pending.

The Chief Minister’s announcement follows recent remarks by Governor C.P. Radhakrishnan, who, during his address to the Assembly, reaffirmed Maharashtra’s status as a preferred destination for FDI. He highlighted that the state contributes over 14% to India’s total GDP, underscoring its role as one of the country’s leading industrial hubs.

Maharashtra’s investment appeal was further reinforced at the World Economic Forum in Davos in January 2025, where the state government signed Memorandums of Understanding (MoUs) worth approximately Rs. 15.72 lakh crore with 63 national and international companies. These investments are expected to generate over 15 lakh employment opportunities across the state.

To sustain this growth momentum, the government has also planned to disburse an Investment Promotion Subsidy of approximately Rs. 5,000 crore to various industries. Additionally, legislation enacted last year aims to streamline the investment process through an effective single-window system, ensuring swift approvals and a hassle-free experience for investors.