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ASSOCHAM study: Gujarat most favoured investment destination

 
Gujarat attracted Rs 16.28 lakh crore in investments till the end of 2011.

Gujarat occupies the No.1 slot from an investor preference standpoint, according to an ASSOCHAM study. Of the 20 industrial states studied, five have emerged as favoured investment destinations – Gujarat, Maharashtra, Andhra Pradesh, Orissa and Karnataka.

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) report says Gujarat attracted Rs 16.28 lakh crore in investments till the end of 2011, 53.56% of the total live investments in the country, which is Rs 120.34 lakh crore.

Maharashtra attracted investments worth Rs 14.14 lakh crore, Andhra Pradesh Rs 12.09 lakh crore, Orissa Rs 12.09 lakh crore and Karnataka Rs 9.85 lakh crore. Tamil Nadu occupied the 6th position with an investment proposals worth Rs 9.13 lakh crore, while Jharkhand was at the seventh position with Rs 7.16 lakh crore.

Investment proposals that the other 13 states attracted are as under:

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 crores

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

Electricity, the report says, attracted the greatest amount of investment (35.9%), followed by manufacturing (25.3%), services (21.8%), real estate (11.8%), irrigation (3.1%), and mining (2.1%).

Click here to read the entire report.