Maharashtra no. 1 in FDI; US, Mauritius top investors

The United States and Mauritius have invested in state’s industrial sector with 14% and 13% share, respectively.

The United States and Mauritius have invested in state’s industrial sector with 14% and 13% share, respectively.

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Maharashtra’s foreign direct investment amounts to 22.9% of the country’s total FDI, it has 20.6% projects of the 20,643 in India, and the total investment is Rs. 97,799 crore, according to the state’s economic survey for 2012-13. Of these, 45% projects have been commissioned, and 10% are under execution.

Of the proposals received in India, the state’s share in industrial proposals, investment and employment is 18%, 10% and 20%, respectively. During 2011-12, 105 FDI projects with an investment of Rs. 5,454 crore were approved in the state.

Besides Mumbai, Thane and Pune, second-tier towns like Nashik, Auranagabad, Nagpur and Kolhapur have also emerged as industrial centers, resulting in remarkable industrial growth in the state, says the survey.

The state has attracted the highest number of proposals, with the most employment potential. From August 1991 to November 2012, 17,866 industrial proposals with an investment of Rs. 9,55,329 crore were approved. Of these, 7,706 projects (43.1%) with an investment of Rs. 1,78,483 crore (18.6%) were commissioned, generating employment for 9.5 lakh people, and 2,057 projects with an investment of Rs. 78,804 crore and employment potential of 2.9 lakh are under execution.