Bangalore: In spite of the uncertain global economic climate, foreign investors foresee India as an attractive investment option according to the Ernst and Young’s 2012 India Attractiveness Survey.

Rajiv Memani, Country Managing Partner of Ernst & Young India, says, “India's domestic demand-driven growth model is acting as a catalyst for attracting foreign investments into the country. Although the ongoing global uncertainty may have prompted global investors to become more cautious, India's inherent advantages and proven resilience to counter-act macroeconomic challenges generally outweighs these concerns”, as quoted by ey.com.

As per the survey, 25 percent of the respondents said that they foresee India among world's leading three destinations for manufacturing by 2020. Indian cities attract 28 percent of the value of FDI, 36 percent of the jobs created by FDI and 42 percent of the investment projects.

The five cities which are the top destinations for investment with respect to Foreign Direct Investment (FDI) in India, as reported by Yahoo.com, are as follows –

1. Bangalore

Engrossed 474 FDI Projects

Bangalore is the hot global destination which has about 1,500 multinational companies of IT, engineering and biotech. These innumerable IT firms accounts almost 38 percent of India’s $22 billion IT and software exports, which has made Bangalore a high-tech capital city of India. This garden city has attracted 474 investment projects creating more than 110,140 jobs from FDI since 2007.

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