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With $320bn Gujarat leads in investments

Discussion in 'World Economy' started by Anish, Feb 23, 2012.

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  1. Anish

    Anish Lt. Colonel ELITE MEMBER

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    Gujarat most sought-after state by investors, Punjab remains laggard**
    Tribune News Service

    New Delhi, February 13
    Five out of 20 industrial states led by Gujarat, Maharashtra, Andhra Pradesh, Orissa and Karnataka have clearly emerged as preferred investment destinations by attracting 53.56 per cent of total live investments worth Rs 120.34 lakh crore, according to a recent study undertaken by the Associated Chambers of Commerce and Industry of India (Assocham). Punjab is among the states lagging behind in attracting investments.

    While Gujarat attracted investment proposals of Rs 16.28 lakh crore, Maharashtra Rs 14.14 lakh crore, Andhra Pradesh Rs 12.09 lakh crore, Orissa Rs 12.09 lakh crore, Karnataka Rs 9.85 lakh crore till 2011-end, the remaining 15 states received Rs 55.89 lakh crore worth of proposals.

    Tamil Nadu was at sixth position by attracting investment proposals worth Rs 9.13 lakh crore and Jharkhand was at seventh position with Rs 7.16 lakh crore investment proposals, Assocham said.

    The remaining 13 states were West Bengal (Rs 6.23 lakh crore), Madhya Pradesh (Rs 5.65 lakh crore), Uttar Pradesh (Rs 5.38 lakh crore), Haryana (Rs 4.98 lakh crore), Chhattisgarh (Rs 4.56 lakh crore), Rajasthan (Rs 2.54 lakh crore), Bihar (Rs 2.38 lakh crore), Punjab (Rs 2.16 lakh crore), Kerala (Rs 2.12 lakh crore), Jammu and Kashmir (Rs 1.11 lakh crore), Uttarakhand (Rs 1.07 lakh crore), Himachal Pradesh (Rs 84,062 crore) and Assam (Rs 58,179 crore).

    The highest amount of investment has gone into electricity (35.9%), manufacturing (25.3%), services (21.8%), real estate (11.8% ), irrigation (3.1%) and mining (2.1%).

    Mining has got the highest share in live investments in the states of Orissa, Andhra Pradesh, Jharkhand, Chhattisgarh and Madhya Pradesh. As opposed to this trend, mining sector got the least share in total investments in Uttarakhand, Punjab, Haryana, Bihar and Jammu and Kashmir.

    Manufacturing is expected to achieve higher growth relative to other sectors in the states of Orissa, Jharkhand, Gujarat, Karnataka, and West Bengal. Conversely, manufacturing got lower shares in Jammu & Kashmir, Uttarakhand, Himachal, Punjab and Assam.

    As regards the share of electricity, the sector has got the highest share of investments in the states of Gujarat, Orissa, Maharashtra, Andhra Pradesh and Tamil Nadu. The bottom five states to focus on electricity are Assam, Kerala, Jammu and Kashmir, Himachal Pradesh and Haryana.

    For the real estate sector, Haryana was a major destination as it attracted 49.7% of the total investment proposals.

    For the electricity sector, Uttarakhand received 75.1% of the total investment of Rs 1.07 lakh crore, followed by Chhattisgarh, 66% of Rs 4.56 lakh crore, Bihar 65.2 per cent of Rs 2.38 lakh crore), Himachal Pradesh 63.2% of Rs 84,062 crore and Madhya Pradesh 59.4% of Rs 5.65 lakh crore.

    Orissa emerged second to Jharkhand as far as manufacturing was concerned. While manufacturing has got a 63.1% share in total live investments in Jharkhand, the sector has got prominence in Orissa (44.2% share), West Bengal (43.1%) followed by Karnataka (38.9%) and Assam (31.9%).

    The Tribune, Chandigarh, India - Business
     
  2. Himanshu Pandey

    Himanshu Pandey Don't get mad, get even. STAR MEMBER

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    Need a lot more investment, mainly in Infrastructure, Education, Medical and Sports( Apart from Cricket)
     
  3. Anish

    Anish Lt. Colonel ELITE MEMBER

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    1700 high rises under consturction in Mumbai
    100+ skycrapers

    NCR also building 1000+ high rises

    Gandhinagar has also joined in skyscraper tace
     
  4. Himanshu Pandey

    Himanshu Pandey Don't get mad, get even. STAR MEMBER

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    Need road, park, sanitation facility, street lights and houses for poor more then skyscrapers....lets build high but make sure the people who are making them have a house to go back
     
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