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Indian firms' project investment up 10% to Rs 14767.80 bn

While the Indian companies' total investment in projects increased by 10 per cent during May 2000 to April 2001, the infrastructure services was the only sector where aggregate investment grew during this period -- manufacturing, mining and electricity saw a decline.

The growth in overall projects' investment was found to be mainly on account of substantial fresh investment in sectors like computer software, telecommunication and internet-related infrastructure, roadways, commercial complexes and storage & distribution, as per the latest report by Centre for Monitoring Indian Economy.

According to CMIE, during the year under review, in the 4,592 ongoing projects, aggregate outstanding investment stood at Rs 14,767.80 billion in April 2001 as against Rs 13,428.41 billion in April 2000.

However, a sector-wise distribution of investment flows indicated that while manufacturing, mining and electricity sectors have declined, infrastructure services was the only sector which recorded "positive growth", with irrigation remaining stagnant.

Outstanding investment in infrastructure declined by three per cent from Rs 2,993.40 billion in April 2000 to Rs 2,900.79 billion in April 2001, as per the CMIE study.

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