Daijiworld Media Network- Mumbai

Mumbai, Mar 7: Maharashtra has emerged as the top destination for foreign investment, receiving an unprecedented influx of Foreign Direct Investment (FDI) in just nine months—surpassing the total investments received over the past decade, Chief Minister Devendra Fadnavis stated.

Highlighting the state's robust economic policies and investor-friendly initiatives, Fadnavis credited Maharashtra’s infrastructure development and industrial growth as key drivers behind this surge.

Among the major investments fuelling this boom is:

• Semiconductor Revolution: In September 2024, Israel’s Tower Semiconductor and India’s Adani Group announced a $10 billion semiconductor project in Maharashtra. This move aligns with India’s vision of becoming a global semiconductor manufacturing hub.

• Electric Vehicle (EV) Expansion: Indian steel giant JSW Group entered the EV sector, unveiling plans to launch its own electric vehicle brand. With a $3.2 billion investment, JSW is setting up a manufacturing plant in Aurangabad, expected to generate over 5,200 jobs.

• Automobile Manufacturing Hub: General Motors has pledged significant investment in Maharashtra to ramp up automobile production, reinforcing the state’s position as India’s leading automotive hub.

These investments underline Maharashtra’s growing stature as an economic powerhouse and a prime destination for global investors. The state’s policies continue to attract high-value projects, solidifying its role in India’s economic future.