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Gujarat bags one fourth of total industrial investment proposals

Eastern states still lag way behind

Namrata Acharya  |  Kolkata 

India received industrial investment proposals worth Rs 219,628 crore from some 1,149 industrial undertakings in this calendar year till May, according to the data from the ministry of commerce and industry till May 2013.

Gujarat cornered almost 25% of the total investment proposals this year, while as many as 18 states individually accounted for less than 1% of the total investments, pointing rising disparity among states in terms of industrialization.

That Mahrashtra, the financial capital of India, accounted for second highest number of investment proposals, should not come as a surprise.

In contrast to Gujarat is the north-eastern state of Nagaland, which has received zero investment proposal so far in 2013. Other North eastern states are no better off. Mizoram accounted for 0.01%, Meghalaya for 0.04%, Manipur for 0.01%, Sikkim for 0.05%, Arunachal Pradesh for 0.16%, Assam for 0.52% and Tripura for 0.02% of the total investment proposals.

The saving grace for eastern states comes from Chhattisgarh (located in east-central India), which received third highest number of industrial proposals till May 2013, accounting for 13.39% of the total investments.

In West Bengal, Chief minister Mamata Banerjee might go places showcasing the state as an investment destination, but data paints a bleak picture of investment scenario in the state, which recorded a sharp decline compared to 2005. West Bengal, which in 2005 accounted for more than 5% of investment proposals, has been consistently sliding down the investment chart. The state accounted for 1.35% of the total investment proposals to May 2013.

Orissa accounted for has 3.19% of total investments till May 2013, against 11.20% in calendar year 2012.

Bihar turnaround story might be a subject of academic discourse, but the industrialization scenario remains challenging. The state accounted for merely 0.45% of the total investment proposals received so far this calendar year.

The share of Jharkhand in total investment proposals received in 2013 so far was 1.87%.

In 2012, India received industrial investment proposals worth Rs 567,868 crore for the full year. Last year too, Gujarat, Chhattisgarh and Maharsahtra were the top three states in terms of investment proposals from industrial undertakings.

The data under consideration covers Industrial Entrepreneurs Memorandum (IEM) filed, Letters of Intent (LoI)/ Direct Industrial Licenses (DILs) issued by DIPP.

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First Published: Tue, August 06 2013. 11:33 IST