AP Drops to Tenth Spot in Attracting Investments

According to provisional data released by the Department for Promotion of Industry and Internal Trade, Andhra Pradesh just managed 1475.99 Crore FDIs (Foreign Direct Investments) for the Last Six Months of the 2019-20 financial year. The State is disappointingly ranked tenth among the states.

The other Telugu State, Telangana is a bit better with 4865.19 Crore with Eighth Rank. Maharashtra accounted for 30.35% of the inflows, followed by Karnataka with 17.92%, Delhi 16.6%, Gujarat 11.05%, and Jharkhand 7.7% are the Top Five States.

Andhra Pradesh used to be in the Top Five during Chandrababu’s Regime and its high time, Jagan Government starts focusing on attracting investments and the creation of jobs. The Government is only focused on splurging money in the name of schemes and is resorting to more loans for that.

“The Government is portraying 2018-19 EoDB Number One Rank as 2019-20 Rankings to steal the Credit. The fact is investor sentiment is at all-time low in Andhra Pradesh. This data is an example how Andhra Pradesh is doing badly under Jagan’s rule,” TDP Leaders allege.