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AP Topped Third In Country In FDI'S


Cash carving Andhra Pradesh state has set another mile stone.Financial Times Newspaper had come up with a report over the Foreign Direct Investments (FDI) and surprisingly AP topped third in the list.Gujarat has "topped" the list of 10 most sought-after destination states for foreign direct investment (FDI) and it was followed by Maharashtra.

Gujarat with USD 12.36 Billion and Maharashtra with USD 8.28 Billion are in the top 2 positions. Andhra Pradesh state is placed third position by raking USD 610 Billion (41000 Crores) Foreign direct Investments.The FDIs for Navyandhra got doubled after the state bifurcation.

Andhra Pradesh attracts foreign direct investments in India in the Property, petrochemicals, Automotive, textiles, Aerospace, renewable energy, food processing and the leather sectors. Meanwhile India has replaced China as top destination for foreign direct investment by attracting $63 billion worth FDI projects as per the report.

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