The amount of foreign direct investment (FDI) received by Tamil Nadu has fallen by over 21% in the April-September 2018 period, when compared to last year, according to data from Department for Promotion of Industry and Internal Trade , Union Ministry of Commerce and Industry.
As per the data sourced from the Chennai Regional Office of the RBI, which covers Tamil Nadu and Puducherry, the State received an inflow of ₹10,892 crore in April-September 2018, down from ₹13,898 crore received in the comparable period in the previous year.
Tamil Nadu saw its FDI inflow rebound by over 50% to ₹22,354 crore in financial year 2017-18, compared to ₹14,830 crore in financial year 2016-17. In dollar terms, the inflow grew by 56% in 2017-18.
The State’s investment had halved in 2016/17 from the previous 12 month’s number of $4.53 billion. It was an election year and the investment climate saw some political uncertainty in the wake of the then Chief Minister Jayalalithaa’s hospitalisation and demise.