Andhra Pradesh Falls To Thirteenth Position in Attracting Foreign Investments

Andhra Pradesh seems to be struggling in attracting Foreign Direct Investments (FDIs). The state has managed 2,114.71 Crore Rupees ($ 291.80 Million) between October 2019 and March 2021, according to the numbers available with the Union Government’s Department of Industrial Policy & Promotion.

Andhra Pradesh is ranked thirteenth in the states with the highest number of FDIs. Neighboring Telangana has performed much better than Andhra Pradesh but is still only at eighth rank. Telangana has attracted 13,482.90 Crore ($ 1835.35 million). In 2017-18, Andhra Pradesh is in the sixth position in the same list and has bettered to the fourth position in 2018-19.

Between 2016-19, Andhra Pradesh had attracted more than 50,000 Crore FDIs, according to a Parliamentary standing committee headed by YSR Congress Rajya Sabha MP Vijayasai Reddy. The new government had different priorities set and so, the numbers have dwindled.

Gujarat, Maharashtra, Karnataka, Delhi, and Tamil Nadu are in the first five positions. Jharkhand which is usually considered a backward state is placed in the sixth position.