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.

17 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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#100 days @Dev_Fadnavis Gov : दावोस येथे वर्ल्ड इकॅानॉमिक फोरममध्ये भरघोस गुंतवणुकीचे आश्वासन
— CMO Maharashtra (@CMOMaharashtra) February 7, 2015

FDI in Maharashtra Related GR & Other Links - 17 Mar 2015

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Maharashtra Economic Survey 2014-15

Maharashtra Economic Survey 2016-17

India FDI November 2014

India FDI December 2014

India FDI January 2015

India FDI February 2015

India FDI March 2015

India FDI April 2015

India FDI May 2015

India FDI June 2015

FDI FactSheet July-August-September-2015

FDI FactSheet October-November-December-2015

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17 Mar 2016

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.

FDI in Maharashtra Related Photos & Video - 17 Mar 2016