Rajasthan attracts highest investment in north India

Thursday, 28 May 2009, 02:38 Hrs   |    2 Comments
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New Delhi: Rajasthan attracted investments worth 69,052 crore, the highest among northern states, during 2008-09, a business chamber report released here Wednesday said. The report, 'Investment Prospects in Indian Economy 2008-09' by the Associated Chambers of Commerce and Industry (Assocham), said Haryana, which attracted investments worth 52,852 crore, came second, followed by Uttarakhand with 36,059 crore. Uttar Pradesh secured fourth rank, notching 35,343 crore last fiscal, while Delhi with investments worth 11,758 crore came in the fifth position. Punjab received investments worth 5,122 crore, Himachal Pradesh 3,908 crore and Jammu and Kashmir 645 crore. Union Territory of Chandigarh attracted 540 crore, the report said. Top sectors that attracted planned investments in Rajasthan include real estate (40,945 crore), energy (19,400 crore), hospitality (6,388 crore) and cement (1,537 crore). In Haryana, real estate sector secured 43,565 crore as against 5,345 crore of hospitality sector. Infrastructure and retail sectors respectively received investments worth 2,150 crore and 620 crore. In Uttarakhand, energy sector attracted largest investments at 30,300 crore. Textiles secured 2,100 crore, while healthcare and automobile sectors received 920 crore and 840 crore respectively. In Delhi, hospitality sector received the largest share of investments at 6,328 crore, followed by real estate at 2,670 crore. In Uttar Pradesh, the real estate sector attracted investments worth 26,390 crore, followed by 4,183 crore in energy and 2,150 crore in infrastructure sectors. According to Assocham secretary general D.S. Rawat, Rajastan's well connectivity and good infrastructure facility with hassle-free business environment attracted investors. "Single window system is quite in Rajasthan with abundant availability of natural resources. Almost similar is the case in the states of Uttarakhand, Haryana and even Punjab," he added.
Source: IANS
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