Maharashtra retains top position in FDI; Gujarat takes lead in investment
Mumbai, March 6 -- Maharashtra has retained its top position in attracting foreign direct investment (FDI) in the country. The state received FDI worth Rs.6,97,304 crore between October 2019 and March 2025, accounting for 31 percent of the total FDI inflow and the highest share among all states. However, in terms of investment projects, Maharashtra trails neighboring Gujarat in both intended and actual investments over the past three years - 2022, 2023 and 2024. This was revealed in the Economic Survey of Maharashtra 2025-26 that was tabled in the state assembly on Thursday.
"During 2022, 2023 and 2024, Maharashtra recorded intended investments of Rs.2,14,754 crore and actual investments of Rs.1,15,233 crore. In comparison, Gujarat registered intended investments of Rs.2,26,565 crore and actual investments of Rs.2,68,910 crore," the survey report disclosed.
With the figures in place, Maharashtra has ranked second position in new investments whereas Gujarat leads the chart.
There was a huge controversy when the ambitious Rs.1.54 lakh crore Vedanta-Foxconn semiconductor project went to the neighboring state back in 2022. Not only that, other major projects such as Rs.5,000 crore bulk drug park, Rs.424 crore medical devices park and Rs.22,000 crore Tata Airbus project were shifted to Gujarat which kicked up a political row. Following this, a committee headed by a retired judge was appointed to investigate the reasons behind the projects going out of Maharashtra....
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