Delhi beats the rest in race for foreign investment
Delhi and its surrounding areas have outdone Mumbai and its adjacent regions as the top foreign direct investment (FDI) destination during the last six years, according to Reserve Bank of India figures.
Of the total actual FDI inflows of $22 billion from January 2000 to May 2006, 24.3% went to the National Capital Region (NCR) against 21% to Mumbai and nearby areas. During the last six years, Delhi, along with parts of Haryana and Uttar Pradesh, received $5.5 billion.
Maharashtra, Dadra & Nagar Haveli, and Daman and Diu, got $4.6 billion. Karnataka, housing the countrys silicon valley, Bangalore, came third with $1.65 billion (7.5% of the total FDI), followed by Tamil Nadu and Pondicherry with $1.52 billion (7%).
West Bengal, with the other metro Kolkata, along with Sikkim and Andaman & Nicobar Islands, ended up a poor eighth with just $310 million (1.4%).
The regions which attracted more FDI than Kolkata and its nearby areas were Andhra Pradesh with tech-city Hyderabad, which received $756 million (3.44%), Gujarat, $691 million ( 3.18%), and Chandigarh, Punjab, Himachal Pradesh and parts of Haryana, which got $320 million (1.5%).