Quantum jump in FDI inflow into Andhra Pradesh in 2022-23
1 year, 5 months ago

Quantum jump in FDI inflow into Andhra Pradesh in 2022-23

The Hindu  

The Foreign Direct Investment inflow to Andhra Pradesh has registered a quantum leap from $85.85 million in 2020-21 to $224.96 million and $284.22 million in 2021-22 and 2022-23 respectively, according to Union Minister of State for Industry and Commerce Som Parkash. Mr. Som Parkash stated that the FDIs included equity inflow, equity capital of unincorporated bodies, and reinvested earnings and other capital. Andhra Pradesh FDI inflow in FY 2022-23 was an all-time high, and the dip in 2020-21 could probably be due to the impact of coronavirus pandemic. ‘TDP’s false propaganda’ Citing the data, YSR Congress Party member V. Vijaya Sai Reddy said in a message on the Twitter that the TDP’s false propaganda that the State had lost heavily on the FDI front backfired, and sought to know if the pro-TDP media would show the same.

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