AHMEDABAD (Commodity Online): The State of Gujarat has emerged the leader in attracting industrial investments in India, a study conducted by Association of Chambers of Commerce and Industries (ASSOCHAM) revealed today.

Others among the top five states included Maharashtra, Orissa, Andhra Pradesh and Karnataka.

Gujarat has topped among them all in becoming preferred investment destinations and attracting 52.42% of the total investment of Rs.1,04,93,602 crore for the 20 States as on 31st March, 2010, the study noted.

Releasing the study in Ahmedabad today, the Chamber Secretary General Mr. D. S. Rawat said, “While Gujarat attracted investment proposals of Rs.12,01,785 crore, Maharashtra was close to Rs.10,36,115 crore, Orissa Rs.9,85,929 crore, Andhra Pradesh Rs.8,09,600 crore, Karnataka Rs.7,33,457 crore and the remaining 15 states received a total of Rs.61,67,548 crore worth of proposals.”

Rawat was on a visit to Gujarat in connection with the forthcoming Vibrant Gujarat event.

The highest amount of investment has gone into electricity (40.3%), services (22.6 %), manufacturing (22.1 %), real estate (9.9 %), mining (2.4 %) and irrigation (2.3 %).

Releasing the part of study, Assocham Secretary General DS Rawat said, Investment in the primary sector, represented by irrigation, has the highest share in Andhra Pradesh. Next to AP are Bihar, Karnataka, Gujarat and Maharashtra.

As against these states, Chhattisgarh, J&K, Haryana, Tamil Nadu and Orissa, in that order, gave least priority to investing in irrigation development.

Gujarat has attracted largest investments in electricity sector with 39.1% of the total proposals worth Rs. 1201785 crore coming to electricity, while 25.9 % went to manufacturing, 18.7 % in services, 11.5 % in real estate, 3.4 % in irrigation and 1.2 % in mining.

In Maharashtra, of the total proposals worth Rs.1036115 crore, power sector attracted 30.8 %, while 13.2 % went to manufacturing, 33.1 % in services, 19 % in real estate, 3 % in irrigation and 0.9 % in mining. Orissa attracted largest electricity investments with regards to the total investments committed. Of the total proposals worth Rs. 985929 crore, electricity attracted 42.3 %, while 34.0 % was from manufacturing, 7.3 % in services, 0.3 % in real estate, 0.5 % in irrigation and 15.5 % in mining.

Andhra Pradesh, of the total proposals worth Rs. 809600 crore, attracted 26.9 % in electricity, 23.8 % in manufacturing, 19.8 % in services, 11.8 % in real estate, 14.1 % in irrigation and 3.5 % in mining.

Meanwhile, Karnataka, of the total proposals worth Rs. 733457 crore, attracted 22.3 % in electricity, 42.5 % in manufacturing, 16.2 % in services, 13.2 % in real estate, 4.1 % in irrigation and 1.7 % in mining.

Mining has got the highest shares in live investments in the states of Orissa, Assam, Rajasthan and Andhra Pradesh. As opposed to this trend, mining sector got the least share in total investments in Kerala, Uttarakhand, J&K, Haryana and Himachal Pradesh.

Manufacturing is expected to achieve higher growth relatively to other sectors in the states of Jharkhand, Karnataka, West Bengal, Assam and Orissa. Conversely, manufacturing got lower shares in J&K, Haryana, U.P., Kerala and Uttarakhand, the study noted.

As regards the share of electricity, the sector has got the highest share of investments in the states of Uttarakhand, Chhattisgarh, Himachal Pradesh, Madhya Pradesh, and Bihar. The bottom five states to focus on electricity are Karnataka, Kerala, Haryana, Assam and A.P.

Kerala, J&K, Punjab, Assam and Maharashtra emphasize more on the development of services sector. The states of Himachal Pradesh, Rajasthan, Karnataka, Haryana and Gujarat have lesser focus on services sector.

For the real estate sector, Haryana was a major destination as it attracted 57.8% of the total investment proposals.

For the electricity sector, Uttarakhand received 80.6 % of the total investment of Rs. 94038 crore, followed by Chhattisgarh, 68.2 % (Rs.412497 crore), Himachal Pradesh 63.6 % (Rs. 78231 crore), Madhya Pradesh 58.4 % (Rs. 371087 crore) and Bihar 56.7 % (Rs. 112588 crore).

West Bengal emerged second to Jharkhand as far as manufacturing was concerned. Jharkhand attracted 62.2 % (Rs.529401 crore). Karnataka, 42.5 % (Rs. 733457 crore) followed by West Bengal 40.9 % (Rs. 579029 crore), Assam, 34.1 % (Rs. 52952 crore) and Orissa, 34.0 % (Rs. 985929 crore).

The study observed that Tamil Nadu was at the sixth position by attracting investments worth Rs.6,58,116 crore and West Bengal at seventh position with Rs.5,79,029 crore investment proposals.

The remaining 13 States were Jharkhand (Rs. 529401 crore), Chhattisgarh (Rs. 412497 crore), Uttar Pradesh (Rs. 410161 crore), Madhya Pradesh (Rs. 371087 crore), Haryana (Rs. 316823 crore), Rajasthan (Rs. 246841 crore), Kerala (Rs. 211956 crore), Punjab (Rs. 172226 crore), Bihar (Rs. 112588 crore), Uttarakhand (Rs. 94038 crore), Jammu & Kashmir (Rs. 80108 crore), Himachal Pradesh (Rs. 78231 crore) and Assam (Rs. 52952 crore).

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