After Delhi and Maharashtra, Tamil Nadu has topped in foreign direct investment (FDI) equity inflows in the current financial year, according to Commerce Minister Nirmala Sitharaman. None of the other states has touched the $1,000-million mark.
According to Reserve Bank of India (RBI) data, Tamil Nadu received $1,990.88 million during the April-September 2014 period. This is the third-largest after Mumbai — which includes Maharashtra, Dadra & Nagar Haveli, Daman & Diu — which received $2,578.76 million. New Delhi (Delhi and part of Uttar Pradesh and Haryana) received $2,424.61 million.
The FDI equity inflow during the current financial year stood at $14,472.24 million. Among the southern states, Andhra Pradesh received $789.69 million, Karnataka $562.20 million and Kerala $45.69 million.
In 2011-12, Tamil Nadu received $1,422.39 million, which increased to $2,807.45 million in 2012-13 and dipped to $2,116.24 million in 2013-14.