DPIIT says FDI flow into Tamil Nadu declines 25%, state refutes data

Overall FDI inflow declined to $44.37 billion (Rs 309,867 crore) in 2018-2019 from $44.86 billion in the previous year (Rs 288,889 crore)

Foreign Direct Investment (FDI) inflow into Tamil Nadu, including Puducherry, dropped by 25 per cent in FY19  to $2.61 billion, from $3.48 billion  a year ago,  Department for Promotion of Industry and Internal Trade (DPIIT) data revealed. State government officials explained the drop in FDI, citing similar trends in other manufacturing states such as Karnataka, Gujarat and Maharashtra.

Tamil Nadu's main competitor in South India, Telangana's FDI increased to $3.46 billion (Rs 23,882 crore) in FY19 from $1.25 billion (Rs 8,037 crore) in 2018-2019. FDI inflow into Karnataka dipped to $6.72 billion (Rs 46,963 crore), from $8.57 billion (Rs 55,334