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| Western, southern regions more attractive to investors: CSO |
| Press Trust of India / Panaji Nov 27, 2009, 19:47 IST |
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India's western and southern regions have witnessed a rapid industrial growth as compared to rest of the country because they provide conducive climate for investment, experts have said.
"Investors are increasingly looking at states like Gujarat and Maharashtra, while they are averse to go to states like Bihar and Uttar Pradesh," S K Das, director general, Central Statistical Organisation (CSO), said today.
The industrial output has seen a steady growth in the western and southern regions, he said. "Foreign investors are reluctant to invest in states like Bihar and Uttar Pradesh," he told reporters on the sidelines of a workshop on revision of state-level Index of Industrial Production (IIP) here.
"Investors always look out for conducive atmosphere."
Das attributed the industrial growth to the liberalised policies which have attracted entrepreneurs.
He said advent of special economic zones (SEZs) is bound to boost the industrial growth graph, but their impact is difficult to quantify right now.
"We could not quantify the exact growth because SEZs are new and we have not conducted a special survey on them."
Stating that all states will now have their own IIP, Das said hardly six states have started collecting the relevant data. "The state-level policy makers will be at loss if they don't know what the industrial growth in their state is."
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