Karnataka ranks second in FDI inflows, Minister MB Patil credits strategic policies

Karnataka has emerged as a key player in India’s economic growth, securing the second position for Foreign Direct Investment (FDI) inflows during April-September 2024. The state attracted $3.54 billion in FDI, only behind Maharashtra, which topped the list with $13.55 billion. Telangana ranked third with $1.54 billion.

MB Patil, Minister for Commerce & Industries, Karnataka, who attributed this achievement to the state’s strategic and investor-friendly policies implemented by the Congress-led government.

He emphasized that the state’s commitment and foresight in driving economic development are key factors behind the growing FDI inflows. “Karnataka’s growing appeal in key sectors such as IT, services, and telecom reinforces its position as a hub for global investment,” he said.

CT Bureau