Team Blitz India
MUMBAI: Maharashtra topped the list of states which attracted foreign direct investment (Rs 1,18,422 crore) in 2022-23. It also ranked ahead of others in the first quarter of 2023-24.
During April to June 2023, FDI totalling Rs 36,634 crore came to Maharashtra, said Deputy Chief Minister Devendra Fadnavis, sharing data from the Department for Promotion of Industry and Internal Trade (DPIIT). The state was followed by Delhi, Karnataka, and Telangana, respectively in the list of states attracting FDI, he added.
The Deputy CM shared that investors still preferred Maharashtra as the best investment destination. Paying credit to Chief Minister Eknath Shinde, he said that the State was making rapid progress under his leadership.
The statement comes at a time when the Opposition parties are accusing the Union Government of diverting investments – including FDI – to Gujarat. Some Opposition leaders even alleged that it was being done at the cost of Maharashtra, which was being deliberately side-tracked. The figures have portrayed a different story altogether.
Meanwhile, Maharashtra featured at the second spot among states with the highest spending on infrastructure development in the last five years, according to reports.
Uttar Pradesh, spending Rs 5.31 lakh crore, stood at the top with Maharashtra following with Rs 4.39 lakh crore capital expenditure (capex) on infrastructure development, as per RBI. The southern economic powerhouse of Tamil Nadu contributed Rs 2.84 lakh crore to infrastructure development. It was followed by Karnataka with Rs 2.76 lakh crore in capex over the last five years.
At the fifth rank was Madhya Pradesh, with a capex of Rs 2.50 lakh crore, while Gujarat was number six with a total capital expenditure of Rs 2.49 lakh crore in the last five years.
West Bengal came seventh with Rs 2.38 lakh crore spent on infrastructure and the eighth spot went to Telangana with Rs 2.32 lakh crore. Rajasthan and Andhra Pradesh were in the next two positions in the list of top 10 states, with Rs 2.09 lakh crore and Rs 1.88 lakh crore, respectively, in the last five years.