Karnataka in a bang-on has topped among the states in attracting foreign direct investment (FDI) for the first quarter of the current financial year by bagging Rs 62,085 crore foreign investment. This amounts to 48 percent of the total FDI in the country for the quarter.
In 2020, the state stood at third position with an FDI influx of Rs 56,884 crore against Rs, 30,747 crores in FY2019-2020, the state minister for industries, Murugesh Nirani said. The minister also said that the Karnataka Udyoga Mitra has emerged as the country’s top investment prompting body, evidenced by the rating of the National Investment Promotion and Facilitation Agency ‘Invest India’.
Under the sector ‘Automobile Industry’, the majority of FDI Equity inflow (88%) was reported in the state of Karnataka during the first three months of the current financial year (2021-22).
Karnataka is the top recipient state during the F.Y. 2021-22 (up to June 2021) with a 48% share of the total FDI equity inflows followed by Maharashtra (23%) and Delhi (11%).
India has attracted a total FDI inflow of US$ 22.53 billion during the first three months of 2021-22, i.e. April 2021 to June 2021 which is 90% higher as compared to the first three months of 2020-21.