Meerut: Not only celebrities but even economists agree that Uttar Pradesh has the strength to attract investors, nevertheless it has failed to draw attention of foreign investors.

According to Potential Index published in the World Investor Report, the state has favourable conditions for investments. However, the foreign direct investments in the state are very dismal whereas small industries are investing more in the state.

According to different economic parameters, it was found that UP’s FDI-PI Index at 0.37 was similar to that of Karnataka and West Bengal.

It was also found that UP has only 1.9 percent FDI, whereas the investments in Karnataka and West Bengal are at 8.9 percent and 2.9 percent, respectively.

This scenario has become a cause of worry for the state. The economists of Chaudhary Charan University are conducting research on the factors determining little investment in the state.

“We are trying to find reasons behind little FDI in the state,” said economist Dr Dinesh Kumar.

JPN/Bureau