Maharashtra Chief Minister Devendra Fadnavis announced that the state is attracting the highest Foreign Direct Investment (FDI) in India, setting record levels. The state’s industry-friendly environment has spurred significant investments, with Memoranda of Understanding worth Rs 30 lakh crore signed at the World Economic Forum in Davos, Switzerland.
Speaking at an event marking the 78th anniversary of Loksatta newspaper, Chief Minister Fadnavis emphasized the state’s commitment to ensuring that every MoU signed translates into actual foreign investment. Maharashtra’s proactive approach has resulted in a 75% conversion rate of agreements into tangible industrial projects.
Fadnavis highlighted specific areas of growth, noting Gadchiroli’s emergence as the “Steel City of India” and Nagpur’s development as a key automobile industry hub. He mentioned a major investment of Rs 15,000 crore in Nagpur for the largest automobile manufacturing project in India’s history and the establishment of the country’s largest electric vehicle manufacturing capacity in Chhatrapati Sambhajinagar.
The Chief Minister outlined initiatives to enhance the Ease of Doing Business, including the implementation of “Hundred Reforms in Two Months” and the operationalization of the MAITRI Portal as a single-window system for industries. He underscored the state government’s focus on creating a robust industrial ecosystem and announced plans to launch an initiative promoting newspaper reading among students.
Fadnavis also shared that Phase-2 of the ‘Aaple Sarkar’ portal will be operational by May 1, 2026, aiming to simplify and enhance access to government services for citizens. The utilization of E-governance and Artificial Intelligence is expected to further streamline and improve the efficiency of government services.
