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  1. Maharashtra ‘most attractive’ investment destination’

Maharashtra ‘most attractive’ investment destination’

Maharashtra has toppled Gujarat as the most sought after destination for global and domestic investors as the latter recorded the least growth rate of just over 2% among top 21 states across India...

By: | Ahmedabad | Published: December 31, 2015 12:02 AM

Maharashtra has toppled Gujarat as the most sought after destination for global and domestic investors as the latter recorded the least growth rate of just over 2% among top 21 states across India during the course of past five years, revealed a study by industry body Assocham.

“Maharashtra, Gujarat and Odisha have emerged as most lucrative investment destinations as they together account for over one-fourth share (26.6%) in the total outstanding investments worth over R154 lakh crore attracted by various sectors from both public and private sources across major 21 states in India as on December 2014 which grew from R105 lakh crore as on December 2009,” noted the study titled ‘A Comparative Analysis of Investment Pattern in States,’ conducted by the Assocham.

“With a share of about 10%, Maharashtra has ranked on top attracting investments worth over Rs 15 lakh crore as on December 2014 closely followed by Gujarat (9.2% share), while Odisha (7.5%), Karnataka (6.8%) and Tamil Nadu (6.5%) are other states with significant share in this regard,” highlighted the study prepared by the Assocham Economic Research Bureau (AERB).

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