Karnataka is India's
eighth-largest state, both in terms of
area and population. Situated on the
west coast of India, it is surrounded by
Maharashtra, Goa, Andhra Pradesh, Tamil
Nadu and Kerala and opens out to the
Arabian Sea. The state is endowed with
rich natural resources. It is best known
as India’s IT powerhouse or the
Silicon State of India.
Foreign Direct Investment
The state has been proactive in
encouraging private participation in
various sectors. Karnataka is the fourth
largest recipient of FDI in the country.
In 2004, it attracted FDI to the tune of
US$ 5.4 billion for 160 projects.
Investor friendly policies have spurred
the growth of MNCs in various sectors in
the state.
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