Global electronic manufacturing giant Foxconn’s announcement to invest $5 billion in the state has once again proved how luring Maharashtra is for foreign investors. The state is only second to the Delhi NCR region when it comes to attracting foreign investors.
A survey result submitted in the Rajya Sabha last week by the Ministry of External Affairs has shown that while Delhi NCR has attracted foreign investment worth $6.8 billion in the last financial year, $6.3 billion have been invested in Maharashtra. These two regions alone account for 42.39 per cent of the total $30.9 billion that was invested in India in 2014-2015.
The three states that come next in line are Tamil Nadu ($3.8 billion), Karnataka ($3.4 billion) and Gujarat ($1.5 billion). Even in the first two months, Maharashtra managed to retain its number 2 spot drawing in $1.67 billion between April and May.