Karnataka ranks third in FDI inflows with $10.14 bn

Karnataka has emerged the third largest investment destination for foreign direct investment (FDI) in the country during the last decade. The state has received a cumulative investment of $10.14 billion between 2000 and August 2012, ahead of Gujarat and Tamil Nadu, which have seen much higher industrial investment projects during this period.

According to the Economic Survey of Karnataka for 2012-13, the total FDI inflows to the state in the last decade accounted for 6 per cent of the total FDI inflows to India. The ranking is based on the data provided by the Reserve Bank of India (RBI).

However, the state is listed behind the National Capital Region (comprising Delhi, Part of UP and Haryana), which stood at the second position with an inflow of $34.41 billion and the Mumbai region (comprising Maharashtra, Dadra & Nagar Haveli, Daman and Diu), which received an FDI inflow of $57.25 billion during the last decade. Mumbai and New Delhi regions accounted for 32 per cent and 19 per cent of the total FDI inflows to India in this period.

Gujarat stood at the fourth position with an FDI inflow of $8.34 billion and accounted for 5 per cent of the total share of FDI inflows. Tamil Nadu and Puducherry together accounted for $9.14 billion and had a share of 5 per cent. Andhra Pradesh was the next big investment destination and received $7.13 billion FDI with a share of 4 per cent in the total inflows.

The total FDI inflow into the country during the last ten years amounted to $179 billion, the data compiled by Department of Industrial Policy and Promotion, government of India showed.

During the present fiscal (till end of August 2012), Karnataka received $382 million FDI as against $1.53 billion in the full year of 2011-12.