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Telangana outshines other southern states in attracting investments: ASSOCHAM

ANI  |  Hyderabad (Telangana) [India] 

The Associated Chamber of Commerce and Industry (ASSOCHAM) on Thursday stated that has surpassed the other states and has crossed the average in attracting

further asserted that this phenomenal growth is possible due to investor-friendly policies of the State

In 2011-12 financial year, Rs 3.3 lakh crore worth were received by the state authorities from abroad and within the country. It went up to Rs 5.9 lakh crore in the financial year 2016-17.

ASSOCHAM's General Secretary, D. S. Rawat and Senior Managing Committee Member Jain issued a press release on the summary of the study conducted by their organisation here.

Meanwhile, in the five-year duration of the investment sector, the average growth rate is 27 percent, while it is 79 percent in Telangana, the press release stated.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 14 2017. 23:28 IST