Gujarat emerges India’s top investment destination

Gujarat has emerged as the top investment destination in the country attracting proposals worth more than Rs14,80,000 crore as of June 2012, an Assocham study has found.

This accounts for a little over 10 per cent of the Rs140,00,000 crore total investment proposals across the various states and union territories of the country, according to a recent study by an industry body.

''Clocking a share of 10.6 per cent in total investments of over Rs1,40,00,000 crore across the country (till June 2012), Gujarat has emerged as the most lucrative investment destination attracting the highest number of proposals, worth over Rs14,80,000 crore,'' Assocham said in its study.

Of the total outstanding investments in Gujarat worth over Rs14,80,000 crore, investments in private sector accounted for over Rs10,30,000 crore while public sector registered proposals were worth Rs4,50,000 crore, it added.

Sectors like finance, manufacturing, real estate and irrigation attracted most of these investments, the study noted.

With private sector investments worth over Rs8,80,000 crore, Odisha ranked second with a share of 10.7 per cent in the total private sector investments across India. Besides, the private sector accounted for almost 75 per cent share in the total outstanding investments worth over Rs11,80,000 crore across the state, according to the Assocham.