Maharashtra: Mumbai Is the World’s FinTech Hub, While Maharashtra Draws One-Third of India’s FDI: State Minister Jaykumar Rawal
Maharashtra: Speaking to ANI on the fringes of the CII Mumbai International Summit 2025 on Tuesday, Jaykumar Rawal, Minister for Marketing (Agro) and Protocol, Government of Maharashtra, stated that investment interest in Mumbai and Maharashtra is still high, with the state drawing one-third of all foreign direct investment entering India.
According to Rawal, Maharashtra obtains a large portion of the lakhs of crores in foreign direct investments that come into India. He said that Mumbai, often referred to as the “city of dreams,” continues to attract investors and serve as a pull for international money. He claims that because to continuous infrastructural development, Mumbai stands out as a developing worldwide hub for FinTech, artificial intelligence, and financial transactions.
He connected the policy choices made by the state administration, led by Chief Minister Devendra Fadnavis, to this investment influx. According to Rawal, the state’s 2025 investments, industries, and services agenda combines internationally competitive initiatives. He continued by saying that these choices encourage long-term commitments and foster investor trust.
In this process, infrastructure development continues to be crucial. Rawal cited initiatives including the construction of new ports and airports, the coastal road, metro connections across Maharashtra, and the trans-harbor bridge. He emphasized the Vadhavan port, calling it one of the biggest ports globally with access to air, sea, and train. According to him, farmers gain from this integrated logistics infrastructure, which facilitates the transportation of agricultural products.
The minister pointed out that future-oriented industries are also of interest to investors. He said that businesses like Amazon and Microsoft spend billions of dollars on data centers, software, and artificial intelligence in the state. With the help of data centers and a robust FinTech environment, he claims that Maharashtra draws in both old and emerging companies.
Additionally, Rawal mentioned a recent international engagement that emphasized Mumbai’s position in the world. He recalls a tour in which the British prime minister, along by a team of around 120 chief executives, landed in Mumbai right after arriving in India. Before leaving, he added, the group met with business leaders and other government officials in Mumbai, highlighting the city’s significance as a worldwide financial hub. A noteworthy accomplishment in this regard, he said, is the free trade deal with the United Kingdom.
According to Rawal, investment is dispersed across the state, while Mumbai continues to be the center. He alluded to industrial expansion in Dhule and Nandurbar, with Nandurbar developing as a textile center, and mentioned increasing activity in Nagpur, Pune, and Sambhajinagar, including a billion-dollar Toyota facility.
Given the magnitude of the economic activity taking place in Maharashtra, Rawal said that these investments taken together are anticipated to create almost one crore jobs over the course of the next two years.