External Affairs Minister S. Jaishankar addressed concerns over investments moving from Maharashtra to Gujarat, firmly rejecting these claims during a press conference at the BJP office in Mumbai ahead of the upcoming Maharashtra assembly elections on November 20. Jaishankar emphasised that the decision-making process for investors is complex and depends on the performance of the state government.

In his remarks, Jaishankar highlighted that not all investment projects over the last decade have favoured BJP-ruled states. He stated, "Competitive federalism is good for the country," and explained that investors consider many factors, including the effectiveness of local governance. "They will see a performing state government which is capable and efficient. You can’t blame the Centre but must also assess your own merit," he added.