Karnataka got second-highest FDI in country after Maharashtra between January and June 2020

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Data showed that Karnataka received the second-highest foreign direct investment (FDI) in the time period between January and June. The first in the list is still Maharashtra. Karnataka got $3,254 million which equals Rs 24,000 crore and Maharashtra crossed that and raked $5,295 million or Rs 38,631 crore. Though a break-up of the data showed that Karnataka even passed Maharashtra between the months of April and June when India was in the Covid-induced lockdown. Karnataka earned around Rs 10,255 crore in these three months whereas Maharashtra earned less than Karnataka, amounting to Rs 8,861 crore.

Department for Promotion of Industry and Internal Trade (DPIIT) which is under the Union ministry of commerce and Industry released the FDI data which stated that 43% of the FDI’s total inflow which is Rs 2.2 lakh crore belongs together to Karnataka and Maharashtra.