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TG got ₹12,864 cr FDI in 2 quarters
The New Indian Express Hyderabad
|December 29, 2024
33% jump in investments into state compared to '23-'24; Hyderabad attracted over 93%
TELANGANA attracted ₹12,864 crore through Foreign Direct Investment (FDI) in the first two quarters of 2024-25, compared to ₹9,676 crore during the same period in 2023-24, making an increase of 33%.
According to officials, with 5.17% of the total FDI received by India, the state is in the sixth position in attracting foreign investments.
Officials from the Industries department said that FDI inflows to the state increased as the government is ensuring an investor-friendly environment. The government is not creating any hurdles to the investors, they added. Officials said that Telangana was at the forefront of attracting foreign investments in the pharma and Information Technology sectors. "The government is also encouraging investors in other potential sectors like automobile, construction and new and renewable energy sectors," they said.
This story is from the December 29, 2024 edition of The New Indian Express Hyderabad.
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