Maharashtra numero uno in attracting FDI

Syndicated from IANS | Published on Mon, Jan 7 2013 20:48 IST | 3 Views | Add comment
Mumbai, Jan 7

Attracting nearly 33 percent of all foreign direct investments (FDI) in the country since 2000, Maharashtra remains the numero uno choice for all foreign investors, Chief Minister Prithviraj Chavan said here Monday.

Chavan said that this has been confirmed by recent figures of FDI released by the central government, placing Maharashtra way ahead of Delhi, Karnataka, Gujarat and Tamil Nadu.

He said that in 2010-2011, the state attracted FDI worth Rs.27,669 crore, the following year Rs.44,644 crore and in 2012-13, Rs.35,000 crore.

Since April 2000 till Oct 2012, the state attracted a whopping Rs.281,565 crore FDI.

As per the five-year New Industrial Policy (NIP) announced last week, the state hopes to get FDI up to Rs.500,000 crore by 2018, Chavan said.

Compared to Maharashtra's 33 percent in the past 12 years, New Delhi stood behind at 19 percent, Karnataka six percent, and Gujarat and Tamil Nadu way below at five percent each.

Chavan said that compared to Maharashtra's total FDI of Rs.281,565 crore in the past 12 years, Gujarat's total FDI was Rs.38,465 crore for the same period.

"Desipte the global economic slowdown, Maharashtra has succeeded in attracting such huge FDI," Chavan said.

He assured that under the NIP 2013-2018, the state would attract higher FDI and further strengthen its number one position in the country by offering top-class all-round infrastructure facilities.

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