Fact Check: No company has moved out of Karnataka, viral claims are baseless

Social media users are claiming that in a span of two months, 317 foreign companies have moved out of Karnataka.

By Sabya Singh  Published on  14 April 2022 9:30 AM GMT
Fact Check: No company has moved out of Karnataka, viral claims are baseless

Hyderabad: Social media users are claiming that in a span of two months, 317 foreign companies have moved out of Karnataka.

The post is shared in Hindi.

NewsMeter received the claim on WhatsApp to verify it.


Fact Check:

NewsMeter found the claim to be false.

Lately, Karnataka has been witnessing communal tensions. It started with tension over a government order banning Muslim women from wearing hijab in educational institutions. It was followed by Muslim traders being barred at temples during religious fairs, and the latest one calling for a boycott of halal meat.

https://www.bbc.com/news/world-asia-india-61001524

In wake of these communal tensions, a couple of leaders from the business community have expressed fear over the increasing communal tensions. Kiran Mazumdar Shah took to Twitter to express concern over the increasing communal divide in the state.

However, there are no official or unofficial reports of such a large number of companies moving out of the state lately as claimed in the viral post. If companies in such large numbers have indeed moved out of the state, the media would have reported it. However, there are no such reports.

Further, as per the latest available information, Karnataka has witnessed the highest inflow of foreign direct investment (FDI) in the country. Moreover, according to the Maharashtra Economic survey report, Karnataka leads with Rs 1,02,866 crore FDI inflow in 2021-22.

Claim Review:In a span of two months, 317 foreign companies have moved out of Karnataka.
Claimed By:Social Media Users
Claim Reviewed By:Newsmeter
Claim Source:Social Media
Claim Fact Check:False
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