Foreign Companies in India – which is the favorite destination?
Which state in India has the largest number of foreign companies? If you thought it was Maharashtra, because Mumbai is the fiscal capital of India, you are wrong. If you thought it was Karnataka or Andhra Pradesh, the IT strong states, you are again wrong, if you thought it was Modi’s Gujarat – again wrong.
It is strangely Delhi. Obviously they understand India’s babudom and doing business in India means business with the Government and makes good business sense to be where the government is. Of the 2069 foreign companies operating India, 1280 are in Delhi, while Maharashtra has 361 and Karnataka has 159. While Andhra Pradesh has 26, Tamil Nadu has 75 and West Bengal has not done badly with 62. Foreigners were not exactly fascinated by the Lalu couple and there is only one foreign company operating in Bihar.
This was informed in Parliament, yesterday by the Minister of Company Affairs.