Mumbai, May 30 (IANS) Maharashtra, under the Mahayuti government, has consolidated its position as India’s investment magnet by attracting foreign investment worth Rs 1,64,875 crore in 2024-25, which accounts for 40 per cent of the total investment received by the country this year.

According to the state government, Maharashtra continues to be the most favoured investment destination due to a business-friendly environment, dedicated sectoral facilities and availability of the highest employable workforce (70 per cent).

Chief Minister Devendra Fadnavis said, “I am extremely delighted to share that the figures for the last quarter (January to March 2025) of the financial year 2024-25 have now been released, and for the entire year, Maharashtra has attracted foreign investment worth Rs 1,64,875 crore. This accounts for 40 per cent of the total investment received by the country this year. The total investment in the country this year amounts to Rs 4,21,929 crore.”

“Compared to last year, Maharashtra has seen a 32 per cent increase in investment this year. In this final quarter, Maharashtra attracted Rs 25,441 crore in foreign investment. This year has set a record for Maharashtra, surpassing the past 10 years. We had already broken this record in the first nine months. I wholeheartedly congratulate the people of Maharashtra,” CM Fadnavis said.

Retaining the number one slot has come as a shot in the arm for the Maharashtra government as it has an ambitious target of becoming a $1 trillion economy by 2030 and $5 trillion by 2047. The state economy has already crossed the $500 billion mark.

The Industry Department sources said Maharashtra has formulated industry and sector-specific policies and consistently updates its incentives and offerings to align with the evolving global economic dynamics and business scenarios.

“Maharashtra continues to lead the way as a top investment destination in India. The Retail Trade Policy 2016, Maharashtra Electronics Policy 2016, Aerospace and Defence Policy 2018, and Industrial Policy 2019 are under the government’s active consideration for review to keep pace with the changing investment scenario. In addition, the government proposes to come up with the Circular Economy Policy, MSME Policy, and Leather and Footwear Policy. The state has crossed $500 billion in GDP, surpassing the GDP of several countries like Singapore and Austria, as well as Indian states like Tamil Nadu and Karnataka,” the sources added.

Further, the government has enacted ‘The Maharashtra Industry, Trade and Investment Facilitation Act’ on July 3, 2023, to create a strong, healthy and effective ecosystem for industrial development and further boost the investments in the state.

The Maharashtra Industry, Trade and Investment Facilitation (MATRI) cell aims to serve as the first point of reference for potential investors coming to the state.

Deputy Chief Minister and Finance Minister Ajit Pawar asserted that the record-breaking investment is not merely a matter of rising financial numbers, but proof of the global trust in Maharashtra.

“Now, as investment has increased, employment opportunities will also grow, new industries will be established, while further opening up new opportunities,” he said.

–IANS

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