Govt terms Maharashtra as 'investor magnet'

A senior state official said that the state attracted $4,983 mn of FDI out of total FDI investment in India of $25,526 mn in FY15

While wooing investors at the Make in India summit here, the government of Maharashtra termed the state as "Investor Magnet".

Speaking on sidelines of the conference, a senior state government said, " The state of Maharashtra leads in attracting investors from across the world not only in textiles but also other sectors including engineering. We look at all round growth of industries here with investor friendly policies."

Maharashtra attracted foreign direct investment (FDI) worth $4,983 million out of total FDI investment in India of $25,526 million in FY15. 

In order to provide a fillip to the textiles sector, the government of Maharashtra announced setting up of eight textiles parks in November 2015 in major cotton growing regions including Beed, Jalgaon, Aurangabad, Buldhana, Akola, Parbhani and Jalna.

Earlier, the government announced to set up a mega textile park in 500 acres of land in Amaravati.