RBI Report : AP tops in attracting investments

andhraAccording to a Reserve Bank of India (RBI) report on ‘Private corporate investment’, Andhra Pradesh alone has accounted 16% of the projects funded by banks and financial institutions in 2015-16.

While, Maharashtra stands second with 14.8 per cent, Followed by Gujarat with 14.5 per cent and Tamil Nadu stand fourth with 9 per cent.

Out of 29 states in the country these four state Andhra Pradesh, Gujarat, Maharashtra and Tamil Nadu — accounted for more than 50 per cent of the projects .

Andhra Pradesh Chief Minister chandrababu naidu stated that He is Extremely happy to share that an RBI report states Andhra Pradesh has topped in attracting private corporate investments in India. “Glad that our Govt is making strides in ushering in investments. This is a continuous effort & we will keep working hard.”