Rajasthan draws most core funds

Rajasthan has attracted planned investments worth Rs 69,052 crore, the highest in north, from India Inc in the financial year 2008-09 for upgrading and modernising its infrastructure.

Haryana and Uttarakhand followed at second and third position with Rs 52,852 crore and Rs 36,059 crore, according to an Associated Chambers of Commerce and Industry of India (Assocham) study.

Titled ‘Investment Prospects in Indian Economy 2008-09,’the study points out that Uttar Pradesh secured the fourth position, notching Rs 35,343 crore of investments during the period as against Rs 11,758 crore of Delhi, which is ranked at the fifth position.

Punjab with Rs 5,122 crore stood at the sixth followed by Himachal Pradesh with Rs 3,908 crore, Jammu & Kashmir and UT of Chandigarh respectively with Rs 645 crore and Rs 540 crore.

Top sectors that attracted planned investments for Rajasthan include real estate (Rs 40.945 crore), energy (Rs 19,400 crore), hospitality (Rs 6,388 crore) and cement (Rs 1,537 crore).

In Delhi, the hospitality sector attracted the largest planned investment in 2008-09, amounting to Rs 6,328 crore followed by real estate at Rs 2,670 crore. Healthcare cornered Rs 1,135 crore as against Rs 800 crore in telecom and Rs 625 crore in power.

Real estate in Haryana saw Rs 43,565 crore flowing into the sector from various domestic coporates as against Rs 5,345 crore in the hospitality sector. Infrastructure and retail respectively drew Rs 2,150 crore and Rs 620 crore.

Rajasthan was considered to be the favourable investment destination as it is well connected with other parts of India, especially Mumbai and Delhi, the report stated.