Karnataka has attracted the highest Foreign Direct Investment among states in the country for the fifth straight quarter, Chief Minister Basavaraj Bommai said on Sunday. The development, he said, was encouraging and would boost the state’s prospects as it aimed at attracting more investment at Davos.
In a tweet, Bommai said, “India has reported the highest foreign direct investment (FDI) inflow to the tune of $83.57 billion for the financial year 2021-22. In the computer hardware and software sector, Karnataka bagged the highest share of the FDI inflow (53 per cent) followed by Delhi and Maharashtra (17 per cent each).”
Earlier, speaking to reporters, Bommai highlighted that Karnataka was ranked number one among states in India in terms of FDI investments. “In the last four quarters and this quarter, Karnataka has attracted the highest FDI,” he said. This was encouraging ahead of the World Economic Forum meet at Davos starting Monday as many were keen on investing in Karnataka, the CM said. Apart from meeting leaders from several nations, Bommai said that he would hold talks with business leaders from around the world during the meet.
Bommai noted that the Global Investors’ Meet (GIM) of Karnataka will be held in November. “We are confident that we will have a very good response (during GIM). This time around we will take measures to ensure that the Memorandum of Understandings signed during the meet is realised,” he said.
During the five-day meet at Davos, Bommai will be accompanied by Industries minister Murugesh Nirani and IT minister Dr C N Ashwath Narayan.
Published 22 May 2022, 09:47 IST