Devendra Fadnavis: Maharashtra secured 40 per cent of country’s FDI in 2024-25

From April 2019 to October 2019, when Fadnavis was the CM, Maharashtra received an FDI of Rs 25,316 crore. He, however, did not share the figures from November 2019 to March 2020

Devendra Fadnavis: Maharashtra secured 40 per cent of country’s FDI in 2024-25

Maharashtra pocketed 40 per cent of the total Foreign Direct Investment (FDI) received by India in 2024-25, Chief Minister Devendra Fadnavis said on Thursday.

In a post on X, Fadnavis said the country received Rs 4,21,929 crore in FDI in 2024-25, of which Maharashtra bagged Rs 1,64,875 crore.

"This amount is 40 per cent of the total FDI received," he said referring to FDI figures for 2024-25.

He said this is 32 per cent more than the FDI received by Maharashtra in 2023-24.

In the last quarter of 2024-25, Maharashtra received Rs 25,441 crore in FDI, he added.

The year 2024-25 is a record year in the last 10 years with regards to receiving FDI, he noted.

The CM gave figures for FDI received by the state in the last 10 years.

In 2015-16, Maharashtra received Rs 61,482 crore in FDI, Rs 1,31,980 crore in 2016-17, Rs 86,244 crore in 2017-18 and Rs 57,139 crore in 2018-19.

From April 2019 to October 2019, when Fadnavis was the CM, Maharashtra received an FDI of Rs 25,316 crore. He, however, did not share the figures from November 2019 to March 2020.

The state received Rs 1,19,734 crore of FDI in 2020-21, Rs 1,14,964 crore in 2021-22, Rs 1,18,422 crore in 2022-23 and Rs 1,25,101 crore in 2023-24, Fadnavis said.

Meanwhile, Maharashtra Chief Minister Devendra Fadnavis on Thursday clarified no funds have been diverted from other departments for the government`s flagship scheme for women Ladki Bahin and said those who do not understand the budget are making unsubstantiated claims.

Money disbursed for the scheme, which under eligible poor women get a monthly stipend of Rs 1,500, through Tribal Affairs and Social Justice Departments was as per budgetary norms, he insisted.

Talking to reporters in Parbhani in central Maharashtra, Fadnavis explained budgetary rules stipulate funds should be reserved for Scheduled Castes (SCs) and Scheduled Tribes (STs). Maximum funds should be earmarked for personal benefit schemes and some kept aside for infrastructure development.

"The charges (by the opposition that funds were diverted from other departments for Ladki Bahin Yojana) are wrong. Only those who don`t understand the budget can make such a charge. Rules say funds should be reserved for SCs/STs. Maximum funds should be reserved for personal benefit schemes and some for infrastructure development. Ladki Bahin Yojana falls under the category of giving personal benefit to beneficiaries. So, if you give money to this scheme, then as per budgetary rules, it has to be shown under the Tribal Affairs Department and the Social Justice Department," the CM stated.