You are here: Home » PTI Stories » National » News
Business Standard

Andhra Pradesh tops in attracting industrial investments

Press Trust of India  |  Vijayawada 

Andhra Pradesh has emerged on the top among all other states in attracting industrial investments in 2015-16, pushing the previous year's topper Maharashtra to the third spot.

Andhra Pradesh attracted an investment of Rs 21,914 crore out of the Rs 1,38,700 crore gross investments across India, the state government said in an official release today, quoting a report by the Reserve Bank of India.

This was 15.8 per cent of the total investments of over Rs 10 crore each unit. In 2014-15, AP's share in the country's investments was 8.1 per cent.

Gujarat retained the second place attracting 14.5 per cent of investments, up from 9.5 per cent in 2014-15 while Maharashtra was pushed to the third spot with 10.9 per cent in 2015-16, a decline from 14.8 per cent.

Tamil Nadu also made quantum gains in investment, attracting 9 per cent of the gross and jumping to the fourth spot.

In 2014-15, investment flow into Tamil Nadu was a mere 2.9 per cent.

Karnataka and Madhya Pradesh were tied at the fifth spot garnering 7.2 per cent share each in industrial investments, according to the RBI report.

According to the Industries Department of AP, industrial growth rate in the state shot up from 5.25 per cent in 2014-15 to 11.1 per cent in 2015-16.

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

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, September 16 2016. 22:48 IST
RECOMMENDED FOR YOU