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Gujarat tops in investments, says Assocham

Our Bureau Ahmedabad | Updated on March 12, 2018

Out of the 20 emerging industrial States in India, Gujarat tops in terms of investments, followed by Maharashtra, Andhra Pradesh, Odisha and Karnataka which, together, attracted 54 per cent of all investments in India during the last seven years, according to an Assocham report, released here on Tuesday.

Clocking a share of 13.52 per cent in the total ‘live investments’ — that is, projects in various stages of development and execution — worth over Rs 120 lakh crore, Gujarat cornered nearly Rs 1,62,812 crore crore, the study “Investment and Growth Patterns Across 20 Major Indian States”, jointly released here by the Assocham Secretary-General, Mr D.S. Rawat, and Gujarat Council Chairperson, Ms Bhagyesh Soneji.

The study, which Mr Rawat told presspersons was based on data available with the Centre for Monitoring the Indian Economy (CMIE), suggests that, out of the total proposals, Gujarat attracted 39.2 per cent in electricity, 24.2 per cent in manufacturing, 16.2 per cent in services, 14.3 per cent in real estate, 5.2 per cent in irrigation and 0.9 per cent in mining.

Across India, the highest amount of investment has gone into electricity (35.9 per cent), manufacturing (25.3 per cent), services (21.8 per cent), real estate (11.8 per cent), irrigation (3.1 per cent), and mining (2.1 per cent).

Gujarat was followed by Maharashtra with investments worth Rs 14.14 lakh crore, Andhra Pradesh (Rs 12.09 lakh crore), Odisha (Rs 12.09 lakh crore) and Karnataka (Rs 9.85 lakh crore). The remaining 15 States attracted total investment proposals worth Rs 55.89 lakh crore.

He regretted that the services sector did not seem to be a priority in Gujarat which attracted more capital investment than human resource investment.

Investment in the primary sectors such as irrigation had the highest share in Andhra Pradesh, followed by Gujarat, Karnataka, Madhya Pradesh and Maharashtra. However, Chhattisgarh, Jammu and Kashmir, Haryana, Uttarakhand and Assam gave the least priority to investing in irrigation development.

While Haryana proved a major destination for real estate with attracting 49.7 per cent of the total investment proposals for the State, Uttarakhand received 75.1 per cent of the total investment proposals of Rs 1.07 lakh crore for electricity sector.

Published on July 31, 2012

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