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Private investments in states: Gujarat is No. 1

Last updated on: April 15, 2013 17:26 IST
Employees work inside the polishing department of a diamond processing unit at Surat, in Gujarat.

The private sector accounts for over 62 per cent of the total outstanding investments attracted by India worth about Rs 122 lakh crore as of December 2012, according to industry body Assocham.

Of the total investments from private sources worth over Rs 75 lakh crore attracted by India, the domestic private sector accounts for a majority share of about 58 per cent, according to a sector specific analysis titled 'Composition of Outstanding Private Investments Across States,' released by The Associated Chambers of Commerce and Industry of India (Assocham).

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Private investments in states: Gujarat is No. 1

Last updated on: April 15, 2013 17:26 IST
Ahmedabad.

"Inflow of private investments is influenced by bureaucratic efficiency, infrastructure facilities and ease of land acquisition and is decided by attractiveness of investment opportunities as they are mostly driven by profitability considerations," said D.S. Rawat, secretary general of Assocham.

"Besides, tax concessions, product market conditions and exit policies are certain effective tools of private investment attraction," said Rawat.

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Private investments in states: Gujarat is No. 1

Last updated on: April 15, 2013 17:26 IST
Workers load wheat onto a cargo ship at Mundra port in Gujarat.

Acquiring a share of about 14 per cent in the total outstanding private sector investments worth over Rs 75 lakh crore (including both domestic and foreign private sources), Gujarat has ranked on top for attracting maximum private investments across India as of December 2012.

Of the total outstanding investments attracted by the state of Gujarat worth over Rs 14 lakh crore, the foreign and domestic private sources account for over Rs 10 lakh crore thereby registering a share of about 73 per cent, highlights the Assocham analysis.

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Private investments in states: Gujarat is No. 1

Last updated on: April 15, 2013 17:26 IST
A farmer works in a paddy field in Dhinkia village.

With a share of about 12 per cent in the total private sector investments attracted by India, Odisha ranks second with private investment commitments worth over Rs 8 lakh crore.

Besides, private sources account for over 75 per cent of the total investments worth over Rs eleven lakh crore attracted by the state.

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Private investments in states: Gujarat is No. 1

Last updated on: April 15, 2013 17:26 IST
Rajiv Gandhi International Airport, Hyderabad

Andhra Pradesh closely followed by Maharashtra and Karnataka rank amid top five states attracting maximum investment proposals from private sources.

With a share of about 9.4 per cent and 9.3 per cent, Andhra Pradesh and Maharashtra both have attracted private investments worth over Rs 7 lakh crore respectively.

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Private investments in states: Gujarat is No. 1

Last updated on: April 15, 2013 17:26 IST
Commuters ride inside a carriage of a Namma Metro train as it travels along an elevated track in the Indira Nagar area of Bangalore.

While, Karnataka has attracted private investments worth over Rs 6 lakh crore.

Besides, the private sources account for a whopping 85 per cent of the total investments worth about Rs 7 lakh crore attracted by Jharkhand which has a share of about eight per cent in the total private outstanding investments attracted by India.

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Private investments in states: Gujarat is No. 1

Last updated on: April 15, 2013 17:26 IST
Kashmiri vegetable sellers gather at a floating market on Dal Lake in Srinagar.

Himachal Pradesh, Jammu and Kashmir, Uttarakhand and Assam account for a share of less than even one per cent respectively in the total private investment commitments attracted by India, as per the Assocahm analysis.