Karnataka got India’s highest FDI of Rs 10,000 crore in April-June period | Business


Karnataka got more than Rs 24,000 crore in foreign direct investment (FDI) between January and June 2020 – second highest in the country after Maharashtra, which raked in Rs 38,631 crore. A break-up of the data shows that in fact, Karnataka raced past even Maharashtra during the April-June period when India was in the thick of a Covid-induced lockdown and later, phased easing of curbs. Karnataka earned Rs 10,255 crore in these three months, ahead of Maharashtra (Rs 8,861crore). According to FDI data released by the Union ministry of commerce and industry’s Department for Promotion of Industry and Internal Trade (DPIIT), the country’s total FDI inflow for the nine months between October 2019 and June 2020 was Rs 2.2 lakh crore.

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