Maharashtra News / Noel Tata will accelerate the GDP of Maharashtra, made a plan with Fadnavis

Maharashtra News: Tata Group has once again become active to give more strength to the economy of Maharashtra, which has the largest share in India's economy. On Saturday, Tata Trust Chairman Noel Tata and Maharashtra Chief Minister Devendra Fadnavis met, in which many important schemes were discussed to accelerate the economic growth of the state. CM Fadnavis also posted on his X (formerly Twitter) handle regarding this meeting and said that new heights can be touched in the economic sector with the cooperation of the state government with the Tata Group.

Key points of discussion in the meeting

Tata Trust Chairman Noel Tata discussed the possibility of a strong partnership between Tata Trust and the state government for the economic growth of the state in a meeting with Chief Minister Devendra Fadnavis. Both sides discussed the projects that can benefit the state's economy. Fadnavis shared information about this meeting on social media, in which he said that both sides have discussed several projects, which can accelerate the development process of Maharashtra.

Noel Tata's leadership and role of Tata Trust

Noel Tata replaced Ratan Tata last year and took over as the chairman of Tata Trust. After the death of Ratan Tata, Noel took over this responsibility and has made continuous efforts to contribute to social and economic development at the state and national level through Tata Trust. Tata Trust holds a 66 percent stake in Tata Sons, the holding company of Tata Group, which is one of India's largest and world-class companies. Tata Trust has always contributed significantly to social work, and now it has also become active to improve the economic condition of the state.

Maharashtra tops FDI

Meanwhile, Maharashtra Chief Minister Devendra Fadnavis announced on Friday that the state has reached the top in terms of foreign investment (FDI). In the first six months of FY 2024-25, the state has received 95 per cent of its annual average FDI inflows. Sharing this success on social media, the Chief Minister said that this is an important milestone towards attracting investments in the state.

CM Fadnavis also informed that Maharashtra has surpassed all other states in terms of foreign investment in the last four years. According to the data for the quarter ending in September 2024, the state has received foreign investment of Rs 1,13,236 crore, which is 94.71 per cent more than the average of the last four years. During this period, the state has received about 31.48 per cent of the total FDI inflows of the country.

Conclusion

This collaboration between the state government and Tata Trusts is of great importance to take the economy of Maharashtra to new heights. The reputation and expertise of the Tata Group can benefit the state not only economically but also socially. Also, the increasing flow of FDI in the state indicates that Maharashtra has become an attractive destination for investment. Thus, the collaboration between Tata Group and the Maharashtra government can prove to be an important step for the development of the state.

It was a great pleasure to meet and interact with Shri Noel Tata ji, Chairman of Tata Trusts, at my official residence today.
I thank him for extending his wishes and congratulations to our new Govt and expressing his confidence in fostering a strong and enduring partnership… pic.twitter.com/OiNH8oqmIu

— Devendra Fadnavis (@Dev_Fadnavis) January 4, 2025