Govt gets investment proposals worth Rs 10.4 lakh cr in 2009

The government today said it had received investment proposals worth Rs 10.4 lakh crore in 2009, though actual outlay was only 14,691 crore.

"During 2009, in the delicensed sector, 3,465 Industrial Entrepreneurs Memorandum (IEM) have been filed with proposed investment of Rs 10,39,848 crore," the industry department said today.

"...804 entrepreneurs have intimated commencement of commercial production. These IEMs involve an investment of Rs 14,691 crore and employment for 1,67,180 persons," it added.

With progressive delicensing of industries, only five industries, including industrial explosives and cigarettes have been retained under compulsory licensing.

In addition, two industries -- atomic energy and railway transport -- are reserved exclusively for the public sector.

Orissa, Gujarat and Chhattisgarh were the three leading states in terms of investment in the delicensed sector during 2009 with proposed investment of Rs 1,67,932 crore, Rs 1,42,239 crore and Rs 1,30,630 crore, respectively.

In the licenceable sector, the government received investment proposals worth Rs 411 crore in three states -- Tamil Nadu, Andhra Pradesh and Maharashtra.

The most preferred industries in terms of investment in delicensed as well as licensable sector were electrical equipments, metallurgical industries and fuels with Rs 4,72,403 crore (45 per cent), Rs 2,54,285 crore (24 per cent) and Rs 61,743 crore (6 per cent), respectively.

Foreign component of the proposed investment in India was Rs 8,941 crore, including Rs 305 crore investment by non-resident Indians, the DIPP said.

During August 1991 to March 2010, the government received investment proposals worth Rs 62,10,539 crore that promised to create 1,76,34,369 employment. In the last 20 years, proposals worth Rs 2.9 lakh crore have been implemented.