Robust growth in foreign direct investment
The HinduThe foreign direct investment in Tamil Nadu grew about 18% to ₹8,364 crore in April-September 2021, from ₹7,062 crore in the same period last year, according to data from the Department of Promotion of Industry and Internal Trade under the Union Ministry of Commerce and Industry. Standing fifth Ms. Kulkarni pointed out that Tamil Nadu ranked the fifth among the States in FDI inflows, having received ₹32,807 crore between October 2019 and September 2021. On the State’s low share of 4% in the total FDI flows into India, compared with the other bigger States like Maharashtra, Ms. Kulkarni contended that traditionally strong regions — Mumbai and Delhi — have several corporate offices. Other States, which see first-time FDI investors, do not face this issue.” Tamil Nadu’s improving investment climate has led to increased domestic investments, indicated through reports by independent agencies, such as CARE Ratings and Projects Today, which have declared Tamil Nadu the leading investment destination, Ms. Kulkarni said.