Maharashtra top investment destination: Assocham

04 Jan '16

4 min read

Interestingly, investments in the manufacturing sector increased by five per cent in Gujarat as on December 2009 (20 per cent), while investments in infrastructure and mining sectors increased by about two per cent respectively. However, investments in construction and irrigation sectors declined by six per cent and three per cent respectively, the study highlighted.

Projects with investments worth over Rs 86.5 lakh crore i.e. over 56 per cent of the total investments were under implementation or remained non-starter as on December 2014 and private sector accounted for major share (51.5 per cent) in this regard.

Maharashtra had maximum share of over 10 per cent in projects under implementation followed by Karnataka (7.4 per cent), Gujarat (7.4 per cent), Odisha (seven per cent) and Tamil Nadu (6.5 per cent), it said. Public sector accounted for 56 per cent share in projects that remained a non-starter in Gujarat as on December 2014 which had increased from 50 per cent in 2009.

Long delays in implementation of investment projects hurts the sentiment of investors and also results in incurring of huge costs as such the government needs to have a strong plan and must prioritize cleaning up delayed projects in the form of effective implementation which would only be possible through an appropriate, target-oriented roadmap for both the clearance authority and the investors, the study said. (SH)

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