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Gujarat top investment place in India: Deutsche Bank
By siliconindia
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Monday, 10 December 2007, 20:30 IST
New Delhi: Deutsche Bank a leading international bank has named Gujarat as the most attractive investment destination in India. In a latest research paper named, 450 billion reasons to invest in India's infrastructure, the Bank said that state offers the best investment potential among all the states and union territories in India, based on socio-economic and infrastructure factors. The research report was prepared by Deutsche Bank Research arm.
Gujarat is followed by Maharashtra, whose capital Mumbai is the country's financial capital, and Delhi, the "economically powerful political centre of the country," the officials reported.
Delhi's strong investment potential also seems to have an affect on adjacent states Haryana and Uttar Pradesh, both of which rank among the ten best states. India's infrastructure has an enormous catch-up potential, it added.
"It seems that economic development and geographical proximity belong together, possibly also as a result of connecting infrastructure links," Deutsche Bank said.
The top ten states in the list are Gujarat, Maharashtra, Delhi, Andhra Pradesh, Chhattisgarh, Madhya Pradesh, Uttar Pradesh, Karnataka, Haryana and Rajasthan. Deutsche Bank Research arm prepared the research report.