Home / Knowledge / News / Textiles / Maharashtra top investment destination: Assocham
Maharashtra top investment destination: Assocham
04
Jan '16
Maharashtra, Gujarat and Odisha emerged as most lucrative investment destinations between 2009 and 2014 accounting for over one-fourth share (26.6 per cent) of the total outstanding investments worth over Rs 154 lakh crore in various sectors from both public and private sources across major 21 states in India.

According to a study titled 'A Comparative Analysis of Investment Pattern in States,' conducted by economic research bureau of the Associated Chambers of Commerce and Industry of India (Assocham), Maharashtra bagged 10.2 per cent or Rs 15 lakh crore worth of investments compared to 9.2 per cent share attracted by Gujarat followed by Odisha at 7.2 per cent.

Karnataka attracted 6.8 per cent and Tamil Nadu 6.5 per cent of the total investments that grew from Rs 105 lakh crore in 2009 to Rs 154 lakh crore in 2014. Surprisingly, Gujarat recorded the least growth rate of just over two per cent amid the top 21 states, the study noted.

“Investment is the key driver of productivity and sustainability that leads to development and growth making most state governments strive to better the investment climate prevailing in their respective states to make them conducive to attract domestic and foreign investors,” said D.S. Rawat, secretary general of Assocham while releasing the report.

With investments worth over Rs 84.5 lakh crore, the private sector accounted for almost 55 per cent share in total investments, it said adding that investments in the public sector grew at a compounded annual growth rate (CAGR) of just over 11 per cent, while those in the private sector grew at just about five per cent during the five year period of December 2009-December 2014.

Private sector accounted for highest share of over 81 per cent in the total outstanding investments attracted by Haryana. While in Gujarat private sector accounted for 74 per cent share in total investments attracted by the state as on December 2014.

Infrastructure sector accounted for as much as 64 per cent of total investments made by public and private sectors (both foreign and domestic) across India followed by manufacturing (20 per cent), construction (9.5 per cent), mining (3.5 per cent) and irrigation (three per cent).

In Gujarat, infrastructure accounted for highest share of 57 per cent of its investments followed by manufacturing (25 per cent), construction (13 per cent), mining (three per cent) and irrigation (two per cent). At 11.5 per cent and 10 per cent, Gujarat attracted third highest investments in the manufacturing and construction & real estate sector across India, while it attracted fourth highest share of about eight per cent share in infrastructure sector investments.

Must ReadView All

Courtesy: SGS

Textiles | On 1st May 2017

SGS develops test for microfibre in laundering

SGS Global Softlines has developed a new testing service to assess...

Textiles | On 1st May 2017

FESPA to showcase digital, screen, textile industries

Stage is set for FESPA 2017 at the Hamburg Messe, Germany during May...

Courtesy: Copenhagen Fashion Summit

Textiles | On 1st May 2017

Copenhagen Summit to focus on commitment to change

Copenhagen Fashion Summit 2017, a business forum on sustainable...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X