According to a report by the Department of Promotion of Industry and Internal Trade, Andhra Pradesh is ranked at the bottom of the table in attracting Foreign Direct Investments (FDI) equity. The state is ranked thirteenth among all the states in the country.
This report pertains to the state-wise foreign investment from October 2019 to June 2021. That is precisely the numbers ever since the new government has come to Andhra Pradesh. The state used to be always in the Top-4 in the previous regime. The neighboring Telangana is not anything better but still better than Andhra Pradesh with the eighth rank.
While Andhra Pradesh has managed FDI equity inflows worth 2577.1 Crore Rupees during this period, Telangana has managed 17,709.15 Crore Rupees which means almost eight times more than that of AP. To explain what AP has been missing, neighboring Karnataka which is ranked third in the list has attracted FDIs worth 1,49,715.38 Crore Rupees.
The other neighboring state, Tamil Nadu is at Rank five with 30,078.87 Crore Rupees.
State wise foreign investment from oct 2019-june 2021
Full report: https://t.co/70EZCAHk6J pic.twitter.com/tdPfMLmoqb— Rudhra (@Deepak11412544) September 2, 2021
