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Thursday, August 19, 1999

Maharashtra tops investment chart 

Manish Saxena  
Mumbai, Aug 18: Maharashtra still retains the number one state as far as the aggregate investment is concerned. The state is closely followed by Tamil Nadu and Gujarat.

The net aggreate capital investments in state, proposed as well as being implemented, are at Rs 1,48,307 crore, a shade higher compared with Rs 1,41,467 crore proposed to be invested in Tamil Nadu. With a huge petrochemical complex coming in Jamnagar along with other investments in the refinery, the net amount of proposed and ongoing investments in Gujrat stands at Rs 1,25,057 crore, making the state the third attractive state as far as investments are concered.

The data collated from the latest survey done on investments projects by CMIE brings out this picture. Interestingly among the states the capital investments presently being undertaken both by state and the private sector put together is higher in Bihar compared with that in Punjab.

Proposed investments in Bihar stand at Rs 28,674 crore compared with Rs 16,220 crore in Harayana and Rs 26,376 crore in Punjab.

The bottommost ranking in the country--leaving aside the union territories--is Assam. The investment details by districts also show the wide disaparity between investments in each district of central India compared with districts in Western and southern India. While investments in most of the districts in central India varies from a few lakhs to a few crores, the average investments for those in other parts of the country varies from Rs 50 to Rs 100 crore.

Looking at the profile of investments one finds that investments are maximum in the sugar sector is in Maharastra. Moreover, in spite of the fact that Bihar is supposedly the richest area for natural resources, the maximum investments for mining are concetrated more in Orissa and AP.

Approximately 30-40 per cent of the investments are still at the proposal stage and hence one may feel that the picture may change. But that is dependent on the policies followed by the respective state governments.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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