Global bizmen prefer state: CM Devendra Fadnavis

Mumbai: Chief minister Devendra Fadnavis has said that Maharashtra has seen a significant rise in foreign investment during the year 2018. The state had received 42 per cent foreign investment in the year 2017 and it increased up to 49 per cent in 2018, he said.

“Entrepreneurs all over the world have preferred Maharashtra for starting their businesses, due to which the state has witnessed large amount of financial investment. The ‘ease of doing business’ initiatives started by the state government have also helped a long way in attracting the foreign investment,” Mr Fadnavis said in a partnership summit event organised by corporate lobby CII.

Mr Fadnavis further added that implementation of the farm loan waiver scheme, introduced in June 2017, through digital system helped the state government in saving Rs 12,000 crore by eliminating bogus claimants.

Talking about improving the farmers’ lives in the state, through digitisation, Mr Fadnavis said, “The state on Monday will launch a programme that is a virtual life cycle management for every farmer. From sowing to harvesting, everything will be managed through a digital platform,” he said.

The state has collaborated with the World Economic Forum for Fourth Industrial Revolution and started pilot project to introduce drones in agriculture, he said.