PC: htoindia.com

Maharashtra emerges at the top spot of global and domestic investment, Gujarat seconds

Maharashtra has emerged as the top player in luring global and domestic investment by attracting 15L crore in 5 years, while Gujarat at the second place. According to a recently publish report of Assocham, Gujarat secured a mere 2% growth in investments among 21 states in past 5 years.

Gujarat, Maharashtra and Odisha have emerged as the most sought investment destinations in the last five years, according to the reports. They together accounted for more than one quarter (26.6%) during the period 2009-14.

Top 5 states

State Share (in percentage)
Maharashtra 10
Gujarat 9.2
Odisha 7.5
Karnataka 6.8
Tamil Nadu 6.5

Compiled by the Assocham Economic Research Bureau (AERB).

Maharashtra attracted investments mostly in real estate sector with 21.2% of total investments. The value of real estate investment helped Maharashtra to surge ahead, but Gujarat still ranks top in terms of investments in what is considered as hard manufacturing – automobile manufacturing companies. Maharashtra in order to truly become an investor friendly destination has to work on two aspects, round-the-clock power supply and a stable political environment, the report further said.

Source: ET

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