Abstract:
Impact of FDI on Maharashtra Economy has been very strong as foreign direct investments have introduced innovative technologies in various industrial units in the state.
Advantages of Maharashtra Economy-
- Maharashtra offers a business-friendly environment, excellence in infrastructure, highly-skilled and trained workforce, and effective policies in the industrial units.
- The Jawaharlal Nehru Port Trust (JNPT) provides effective communication network with markets of Southern, Northern & Western India.
- During 2002-2006, Mumbai was estimated to touch 8.4 percent GSDP growth.
- Increase in the growth rate of agriculture can make the state achieve 10 percent growth rate.
- The industrial and service sectors have contributed largely in the robust growth of the state's economy.
- Mumbai executes around 70 percent of India's stock transactions and is claimed to be the commercial capital of India.
- Sectors which have been heavily benefited from foreign investments in Maharashtra include Engineering, Electronics Hardware, Automobiles and Auto Components, Consumer Durables, Chemicals, Petrochemicals, Pharmaceuticals, Information Technology and Biotechnology.
FDI Inflows in Maharashtra-
- The Konkan railway project has attracted huge foreign direct investments. Maharashtra has ranked first in terms of attracting maximum foreign direct investments in executing various projects.
- FDI Inflows in Maharashtra has brought in innovative technologies in the industrial units in the state.
- Foreign Direct Investment in the state has raised the competitiveness of the business units in Maharashtra.
- Foreign Direct Investment Inflows has increased investment from the domestic market to a great extent.
- The export-market has got a real boost up from the FDI Inflows in the state and has also got a bonus of accessibility in the global markets.
- FDI Inflows have also bridged the gap in the foreign exchange system which was a major issue of concern.
FDI Status in States of India
