AP sees investment proposals worth Rs 12 lakh cr in 2011, TN Rs 9.13 lakh crore

Andhra Pradesh and Odisha have been ranked as the third most lucrative investment destination attracting investment proposals worth Rs 12.09 lakh crore each at the end of 2011, according to the Associated Chamber of Commerce and Industry of India (Assocham).

Gujarat with Rs 16.28 lakh crore emerged as the most preferred investment destination followed by Maharashtra (Rs 14.14 lakh crore). Karnataka came fourth with Rs 9.85 lakh crore while the remaining 15 states attracted investment proposals worth Rs 55.89 lakh crore, it said quoting a study.

“Of the 20 industrial states, Gujarat, Maharashtra, Andhra Pradesh, Odisha and Karnataka have clearly emerged as the preferred investment destinations by attracting 53.56 per cent of the total live investments,” said DS Rawat, national secretary general of Assocham, in a release on Monday.

According to the study, Tamil Nadu stood sixth by attracting investment proposals worth Rs 9.13 lakh crore followed by Jharkhand (Rs 7.16 lakh crore), West Bengal (Rs 6.23 lakh crore), Madhya Pradesh (Rs 5.65 lakh crore), Uttar Pradesh (Rs 5.38 lakh crore), Haryana (Rs 4.98 lakh crore) and Chhattisgarh (Rs 4.56 lakh crore), Rajasthan (Rs 2.54 lakh crore), Bihar (Rs 2.38 lakh crore), Punjab (Rs 2.16 lakh crore) and Kerala (Rs 2.12 lakh crore).