Tamil Nadu tops equity FDI inflows in first quarter

Tamil Nadu has emerged as the top state for equity foreign direct investment in the first quarter, driven by a landmark MUFG-backed Shriram Finance transaction and increased momentum in manufacturing and global capability centre investments.

The state's rise marks a shift in FDI patterns, as Karnataka and Maharashtra recorded declines during the same period, while Gujarat posted only modest gains. The broader investment momentum reflects continued interest in Tamil Nadu's manufacturing and services sectors.