Maharashtra excels under Devendra Fadnavis to receive the highest FDIs and record highest exports
Maharashtra excels under Devendra Fadnavis to receive the highest FDIs and record highest exports
Today, all countries, including the USA, are racing to win FDIs. FDI (foreign direct investment) brings substantial financial resources to a country to facilitate investment in new businesses, infrastructure, and expansions of existing ones. India’s rise as one of the favorite FDI destinations has led to fierce competition among its leading states for bigger chunks of FDI.
Under the leadership of Devendra Fadnavis, Maharashtra has consistently maintained its position as the top FDI destination in India. During his first term as Chief Minister (2014-2019), the state received Rs 3,62,161 crore in foreign direct investments. In the next two and a half years, the FDI inflow dipped during the MVA Govt. before bouncing back again with Fadnavis as Dy. CM in the Mahayuti government 1.0. with FDI MOUs worth Rs 1,18,422 crore in 2022–23 and Rs 1,25,101 crore in 2023–24, respectively. The investments streamed into Maharashtra in 2022–23 were more than the combined investment made in Karnataka, Delhi, and Gujarat during that period, and the investment in 2023–24 was double that of Gujarat and more than the combined investment in Gujarat and Karnataka. In the current financial year, 2024-25, the foreign direct investment in Maharashtra reached Rs. 1,13,226 crore in the first six months, which is 31.48% of the country’s total foreign investment during the same period. In addition, a record MoU for foreign investment in Maharashtra worth Rs 15.70 lakh crore has been signed at the recently held World Economic Forum in Davos in January 2025, which is expected to create about 16 lakh jobs. Devendra Fadnavis’ all-around efforts and investment-friendly policies are pushing Maharashtra’s rank in the competitive indices to generate confidence in foreign investors and increase FDI inflows into the state.
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Mar 2015
The investments and export scenarios in Maharashtra at a glance, before the Fadnavis government took over
Industrial investment: 18,709 industrial investment proposals worth Rs 10,63,342 crore were approved between August 1991 and October 2014. Of this, 8,376 projects worth Rs 2,54,784 crore with an expected 10.95 lakh job creation have been implemented.
Foreign direct investments in Maharashtra: 4,246 projects for Rs. 97,999 crore were approved through FDI in the state between August 1991 and March 2012. The two major countries investing in the state’s industrial sector are the US and Mauritius, which have a share of 14% and 13% respectively. In the financial year 2014-15, a total of Rs 38,933 crore was invested in Maharashtra, of which about 5-6 thousand crore came after Devendra Fadnavis took over as CM on Oct 31, 2014.
Exports from Maharashtra: The state mainly exports gems and jewellery, software, textiles, ready-made garments, cotton yarn, metals and metal products, agro-based products, medicines and pharmaceuticals, plastics and plastic products, etc. In 2013-14, exports from Maharashtra were worth Rs 4,34,591 crore.
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Mar 2015
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Mar 2015
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#100 days @Dev_Fadnavis Gov : दावोस येथे वर्ल्ड इकॅानॉमिक फोरममध्ये भरघोस गुंतवणुकीचे आश्वासन
Investment proposal of Rs 7,94,057 crore in Maharashtra through Make in India
Industrial Investment: Among the many flagship initiatives of the Modi government, a particularly important one is the “Make in India” program, aiming to turn India into a manufacturing hub of the world. Maharashtra, with a proactive CM, made the most of this opportunity, signing investment agreements worth Rs 7,94,057 crore for 2,594 projects with 30.9 lakh job prospects. The highest number of proposals came in the energy sector worth Rs 2,30,627 crore, followed by the manufacturing sector worth Rs 1,65,909 crore. Between August 1991 and October 2014, 18,709 industrial proposals worth a total investment of Rs 10,63,342 crore were approved. Meanwhile, between October 2014 and October 2015, the Devendra Fadnavis government approved 344 proposals and industrial proposals worth Rs 33,995 crore. In 2014-15, 279 projects with an investment of Rs 45,010 crore and 0.7 lakh proposed employment generation were approved. In 2015-16, 218 projects with an investment of Rs 18,759 crore were approved till October, out of which 16 projects with an investment of Rs 1,069 crore were implemented.
Foreign Investment: During 2015-16, Maharashtra received foreign investment of Rs 62,731 crore.
Exports from Maharashtra: The state mainly exports petrochemicals, gems, jewelry, ready-made garments, cotton yarn, metal products, engineering equipment, agricultural products, medicines, other pharmaceuticals, plastics, and plastic products. In 2014-15, Maharashtra exported Rs 4,45,349 crore. While in 2015-16, it exported Rs 4,36,435 crore.
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Mar 2016
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Mar 2016
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Mar 2016
Creating industry-friendly policies for trade and business growth
The Maharashtra government announced the State Retail Trade Policy 2016 and the Maharashtra Electronics Policy 2016 to promote a conducive business environment in the state for greater investment in the state, especially in the less developed areas. Between November 2015 and November 2016, the Fadnavis government approved industrial proposals worth Rs 30,580 crore through 340 projects. These proposed projects were expected to generate 0.3 lakh jobs. The state received 17.9% of the total industrial proposals and 10% of the investments received in the country.
Foreign investment in Maharashtra: Maharashtra received the highest foreign investment of Rs 1,31,980 crore during the period 2016-17.
Exports from Maharashtra: The state registered exports worth Rs 4,51,978 crore in the year 2016-17. Main export items are gems and jewelry, petrochemicals, ready-made garments, cotton yarn, metal and metal products, agro-based products, engineering equipment, medicines and pharmaceuticals, and plastic products.
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Mar 2017
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Mar 2017
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Mar 2017
Industrial investment: The Devendra Fadnavis government made many reforms in the state’s industrial sector to improve the state’s competitiveness with investors. This includes adopting a comprehensive industrial policy, preparing the state’s fintech policy, and disseminating the various policy information of the state to attract investors. The Magnetic Maharashtra: Convergence 2018 global investment conference was organized in February 2018. A total of 4,108 project proposals worth about Rs 12.07 lakh crore with 36.77 lakh job creation opportunities were approved from this conference. Besides taking steps for industrial growth, this government implemented a separate policy for women entrepreneurs in 2017. Maharashtra became the first state to implement a women entrepreneur policy. In 2017, the state government registered 354 projects for an estimated 0.27 lakh jobs with investment worth Rs 48,581 crore. The state secured 17.9% and 10.1% of the total industrial proposals and investments received by the country, respectively.
Foreign Investment in Maharashtra: The state has always been at the forefront of foreign direct investment in the country, however, its volume has increased many times with PM Modi at the center and Fadnavis as CM in the state. According to a report by the Department of Industrial Policy and Promotion of the Central Government, between April 2000 and September 2017, Maharashtra received FDI worth Rs 6,11,760 crore, which is 31% of the total FDI inflow in the country. In 2017-18 alone, Maharashtra received foreign direct investment of Rs. 86,244 crore.
Exports from Maharashtra: In the financial year 2017-18, exports worth Rs 4,49,508 crore took place from the state. The goods exported included ready-made garments, cotton yarn, agricultural products, petrochemicals, medicines, and plastics.
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Mar 2018
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Mar 2018
Start-ups and logistics policy help Maharashtra enter global supply chain competition
Industrial investment in Maharashtra: Due to various measures taken by the state government, Maharashtra has remained a preferred state for domestic and foreign investments with increased imports and exports in sectors, such as textile, automobile manufacturing, engineering, steel manufacturing, chemicals, food processing, pharmaceuticals, and information technology. To encourage entrepreneurship in the state, the state government organized the Maharashtra Start-ups program in June 2018 and January 2019. More than 2500 start-ups participated in this program. The state government also developed a logistics policy, to make Maharashtra a part of the global supply chain. 426 proposals were registered in the state in 2018 with an expected investment of Rs 86,163 crore. In comparison, 71 new proposals were registered till February 2019 with an expected investment of Rs 10,718 crore.
Foreign Investment: FDI has brought innovative technology in the industrial sector, which has increased investments and competitiveness in the allied sectors as well. According to a Central Government report, from April 2000 to December 2018, the state received foreign direct investment of Rs 6,90,323 crore, which is 30% of the total foreign investment in the country. In 2018-19 alone, Maharashtra received foreign direct investment of Rs 80,013 crore.
Exports from Maharashtra: To promote small-scale industries in the state, the government organized various exhibitions. They were awarded according to their performance, and grants were given to participate in national and international exhibitions. The state government implemented various schemes to promote the export of medicines, plastics, petrochemicals, ready-made garments as well as fruits and vegetables. During the period 2018-19, exports from the state amounted to Rs 5,08,975 crore.
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Jun 2019
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Jun 2019
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Jun 2019
The Industrial Policy of 2019 helps entrepreneurship in a variety of sectors
Industrial Investment: The state government announced the State Industrial Policy 2019. This policy came into effect on April 1, 2019, to create industrial growth and sustainable development in the state. A total of 14 priority sectors were identified through this policy, including electric vehicles, textile machinery, agriculture and agriculture-related components, information technology-based services, electronic products, etc. A total of 178 project proposals worth Rs 15,822 crore were registered in the financial year 2019-20.
Foreign Investment: Maharashtra has always been among the highest recipients of foreign direct investment in the country. The state’s share of the total foreign direct investment in the country has been around 29%. From April 2000 to September 2019, FDI worth Rs 7,39,306 crore was received in the state. Of this, Rs 25,316 crore was received in 2019-20 until September 2019.
Exports from Maharashtra: Taking advantage of the state’s long coastline, the state government has created infrastructure facilities through railways, roads, ports, and airports for fast and efficient delivery of goods. These services have helped in enhancing the export performance of the state. Maharashtra accounts for 24 percent of the total exports of the country. In 2019-20, the state exported Rs 4,59,637 crore.
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Mar 2020
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Mar 2020
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Mar 2020
Proposals with more than 2.5 lakh jobs received from ‘Magnetic Maharashtra 2.0’
Industrial investment: 247 projects were registered in the state till October 2020. Out of this, proposed investment projects worth about Rs 37,887 crore were registered. The Magnetic Maharashtra 2.0 program was organized in June 2020 to attract entrepreneurs from India and abroad and create employment. Through this program, proposals with an investment of Rs 1.13 lakh crore and more than 2.50 lakh jobs were received in the state. This was mainly in steel production (24%), contact centers (23%), logistics (20%), information technology (9%), chemicals and pharmaceuticals (5%) and vehicles (4%).
Foreign investment: Foreign direct investments have led to the use of up-to-date technology in industrial sectors, which in turn caused a surge in domestic investment in the ancillary industries in the state. Maharashtra’s share of the total foreign investment in the country has remained at 28 percent. In the financial year 2020-21, the state received foreign investment of Rs 1,19,734 crore. When we review the foreign investment in Maharashtra from the year 2000 to 2020, it has been the highest in the country at 27.7%. This indicates that during this period, the state received foreign investment of Rs 8,18,522 crore. Of this, the highest investment was made during the period 2014 to 2019.
Exports: During Devendra Fadnavis’ tenure from 2014 to 2019, good communication facilities were created in Maharashtra through roads, railways, air, and ports. Due to this, products such as gems and jewelry, petrochemicals, ready-made garments, cotton yarn, engineering equipment, and pharmaceuticals were exported from the state. The industrial policy of 2019 and the creation of the Maharashtra Export Promotion Council helped to increase the export volume from the state. Exports of Rs 4,31,532 crore were made in 2020-21.
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Mar 2021
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Mar 2021
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Mar 2021
Maharashtra is a preferred destination for entrepreneurs due to its infrastructure
Industrial investments: Maharashtra has become a preferred destination for entrepreneurs and businessmen due to the well-developed industrial infrastructure available in the state and the right policies implemented by the state government from time to time. Industrial Policy 2019, Maharashtra’s Electric Vehicle Promotion Policy, 2018 followed by the amendment in the Electric Vehicle Policy in 2021, Maharashtra is becoming a preferred destination for entrepreneurs to invest. In 2021, 258 projects with a proposed investment of Rs 74,368 crore were registered till November. Also, in December 2021, 12 MoUs worth Rs 5,051 crore were signed in the sectors of space and defense, information technology, bio-fuels and energy, etc. with more than 9 thousand proposed jobs.
Foreign Investment: In the financial year 2021-22, proposals worth Rs 1,14,964 crore were signed in Maharashtra.
Exports from Maharashtra: To increase the share of Maharashtra manufacturers in exports, the state government organized a one-day workshop and exhibition in each district of the state through the Maharashtra Export Promotion Council. Through the Central Government’s One District One Product scheme, emphasis was placed on building product clusters in each district. At the same time, programs were implemented to remove obstacles in the export of those products, help manufacturers to make those products better, etc. Due to this, goods worth Rs 5,45,084 crore were exported in the year 2021-22.
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Mar 2022
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Mar 2022
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Mar 2022
Investment projects worth Rs 35,870 crore approved through 211 project
Industrial investment: After our country adopted a liberalization policy in 1991, foreign companies started investing in various states. From August 1991 to November 2022, the state government approved 21,442 projects with an investment of Rs 17,48,648 crore. In 2022, a total of 211 project proposals worth Rs 35,870 crore were approved until November.
Foreign investment: In the financial year 2022-23, MoUs worth Rs 1,18,422 crore were signed for foreign direct investment in Maharashtra, more than the total investment in Karnataka, Delhi, and Gujarat in the same period.
Exports from Maharashtra: Goods worth Rs 5,81,439 crore were exported in the year 2022-23.
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Mar 2023
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Mar 2023
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Mar 2023
Investment in Maharashtra is more than that in Gujarat and Karnataka!
Industrial investment: In 2023, a total of 264 projects worth Rs 59,551 crore were approved.
Foreign investment: In the financial year 2023-24, MoUs were signed for foreign investments worth Rs 1,25,101 crore. This foreign investment in Maharashtra is double the investment in Gujarat and more than the investments in Gujarat and Karnataka.
Exports from Maharashtra: The Maharashtra State Export Promotion Policy 2023 was implemented to boost exports by creating and strengthening the infrastructure required for exports. Goods worth Rs 4,53,829 crore were exported in the financial year 2023-24 till January 2024. The highest share of exported products was 28% of gems and jewelry. engineering equipment (23%), and agriculture-related products (14%).
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Jun 2024
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Jun 2024
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Congratulations Maharashtra ! 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
Maharashtra signs the highest number of agreements worth Rs 15.70 lakh crore at Davos Forum
Under the leadership of Prime Minister Narendra Modi, the heads of six Indian states came to Davos to showcase their states and attract investments. In this, Maharashtra signed the highest number of agreements worth Rs 15.70 lakh crore. It is said that about 16 jobs will be created from it. A total of 61 types of agreements were signed at this conference, of which 54 agreements were for investment and 7 were in the strategic category. Through strategic agreements, the signing companies will provide their expertise for different projects in Maharashtra without any direct investment. Of the 54 investment agreements, about 98% came through FDI in sectors such as steel, IT, green energy, infrastructure, etc., with proposed setups spread over different parts of the state. In this, an investment of Rs 6 to 7 lakh crores will be made in the MMRDA region, Rs 5 lakh crores in Vidarbha, Rs 30 to 35 thousand crores in Nashik and north Maharashtra, and Rs 25 to 30 thousand crores in the Marathwada region. This outstanding performance showed that Maharashtra has a dominant position compared to other states in Davos.
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Jan 2025
Record FDI in Maharashtra in the first 9 months of 2024-25!
The December 2024 report on foreign direct investment released by the DPIIT revealed that record investments were made in Maharashtra in the previous 9 months. The report shows that in the first 9 months of the financial year 2024-2025, a total of Rs 1,39,434 crores of foreign direct investment was recorded. This is the highest FDI in Maharashtra in any single year in the last 10 years, which has helped the Devendra Fadnavis government break its record from the financial year 2016-17. The last quarter report will likely increase the figure further.
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Mar 2025
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Mar 2025
Maharashtra: Best State for Industry and Investment
Under the leadership of Devendra Fadnavis, Maharashtra has implemented many investment-friendly policies to maintain its leading position as the favorite FDI destination in the country. During the 2014-2019 term, Maharashtra had topped the country, while in 2022, after the formation of the grand alliance government, Maharashtra once again took the lead. In 2022-23 and 2023-24, Maharashtra received foreign investments, larger than other major states.
In the first six months of the financial year 2024-25, Maharashtra bagged 31.48% of the country’s total FDI. This, jointly with the record-breaking MoUs signed at the World Economic Forum in Davos, will give further impetus to industrial development in Maharashtra. This investment will expand the state’s economy by many folds and generate large-scale employment opportunities. Due to Devendra Fadnavis’ vision, proactive efforts, and transparent administration, Maharashtra has become an attractive and reliable investment destination for domestic and international investors, which in turn is strengthening the state’s industrial and economic progress.
