Advertisement

HindustanTimes Thu,17 Apr 2014

State has received 1/3rd of country's FDI in last 12 years: CM

HT Correspondent, Hindustan Times  Mumbai, January 08, 2013
First Published: 01:20 IST(8/1/2013) | Last Updated: 01:21 IST(8/1/2013)

The state has received one third of the foreign direct investment (FDI) that entered the country between 2000 and 2012, chief minister Prithviraj Chavan said in a statement on Monday.

Advertisement

According to the report released by the Centre's commerce and industries ministry, the state has received Rs2,81,565 crore of foreign direct investment from 2000-2012, almost 33% of the country's FDI. While Delhi used 19%, Karnataka used 6% of the foreign investment. Five per cent of the FDI was used by Tamil Nadu and Gujarat each.

The state received a foreign investment of Rs. 27,669 crore in 2010-11, Rs. 44,664 crore in 2011-12 and Rs. 35,000 crore till October last year.

"The new industrial policy will create more confidence among overseas investors. The state will get more investment even as the world faces a financial slowdown," said Chavan.

The Centre's report has brought relief to Chavan who is facing flak over his decision to allow real estate development on 40% of the land acquired by private developers for special economic zones.

Advertisement
more from Mumbai

Tewari gets bail in defamation case filed by Gadkari

A metropolitan magistrate court on Monday granted bail to union information and broadcasting minister Manish Tewari regarding the defamation case filed against him by BJP leader Nitin Gadkari.
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved