Karnataka attracted nation's maximum share of FDI : Minister

The Minister said that the role of Udyoga Mitra was crucial in ensuring an investor-friendly atmosphere

Karnataka attracted the India's maximum share of rupees 62,085 crore Foreign Direct Investment (FDI) in the April-June quarter.

 

Large and Medium Industries Minister Murugesh Nirani said on Wednesday, "Karnataka attracted rupees 62,085 crore investments in the April-June fiscal and became a top recipient with 48 percent share of total FDI in India."

 

Murugesh Nirani said, "Our state had attracted rupees 30,746 crore FDI in 2019-20 and stood at the third spot and in 2020-21, we maintained the third spot by attracting rupees 56,884 crore."

 

Nirani praised the the Karnataka Udyoga Mitra (single window agency for investments) for emerging as the India's top Investment Promotion Agency and added that its ranking was a matter of pride for the state.

 

The Minister said that the role of Udyoga Mitra was crucial in ensuring an investor-friendly atmosphere.

 

Nirani added, "Udyoga Mitra scored full points in winning investment projects, facilitating investment projects, aftercare, and managing website. "

 

Nirani also said that the state had removed most of the hurdles for investors by easing many policies and had also provided all the necessary assistance to start industries.

 

Briefing on the government's reforms to help industrialists, the minister said the central government is aiming to score hundred points on all the parameters in the upcoming days.

India Scanner News Network

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