Rajasthan attracts highest investment in north India

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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Reader's comments(2)
1: This is the Best News, but I am waiting those days when the Industrialist or people thinking about to invest in Bihar or other district of U.P. (which is neighbore of bihar) like allahabad, banaras, & some other district. Bihar is very poor state. So keep in mind whenever we will not thinking about to develop this poor state. The people of Bihar is move from their state and disturb the other develop state like Mumbai, Delhi, Gujarat, & others.
Posted by:Vinod Tiwari - 29 May, 2009
2: Utter ptadesh can go miles ahead in attracting larger investment in the country.In Gorakhpur they are starting one textile park.I certainly believe that Textile industrialist will definately grab this oppartunity.As the wages are less in U.P. as compared to other states.If Upits can work in cities like Mumbai in textile sector ,if they are given a chance in U.P.,definately they will work there also even if they get less wages in comparision with Mumbai.U.P.govt .should open one more Textile park in Kanpur as well.U.P.govt.should concentrate more on development of Eastern districts of the state.Because western U.P. is at par with Haryana and Punjab.
Posted by:Sanjay Mishra - 29 May, 2009