Maharashtra may be the numero uno hub for foreign direct investment (FDI) but it has lost the battle to neighbouring Gujarat in attracting domestic investors. According to the data released by the Centre’s Secretariat for Industrial Assistance (SIA), Gujarat has emerged as the preferred destination for domestic investors who pumped in Rs 9,44,417 crore into the state by way of industrial set-ups between August 1991 and March 2011. Maharashtra with a tally of Rs 8,10,864 crore has to be content with No. 2 position. Andhra Pradesh (Rs 7,84,066 crore), Karnataka (Rs 7,03,798 crore) and Tamil Nadu (Rs 3,93,477 crore) are the other states where domestic investors chose to park their money. Maharashtra continues to be the number one destination for international investors with an impressive FDI inflow of Rs 84,958 crore. Tamil Nadu (Rs 28,418 crore), Gujarat (Rs 23,398 crore) and Andhra Pradesh (Rs 20,871 crore) are other FDI hotspots.
No comments:
Post a Comment