Rajasthan attracts highest investment in north India

May 27th, 2009 - 5:05 pm ICT by IANS  

New Delhi, May 27 (IANS) Rajasthan attracted investments worth Rs.69,052 crore, the highest among northern states, during 2008-09, a business chamber report released here Wednesday said.
The report, ‘Investment Prospects in Indian Economy 2008-09′ by the Associated Chambers of Commerce and Industry (Assocham), said Haryana, which attracted investments worth Rs.52,852 crore, came second, followed by Uttarakhand with Rs.36,059 crore.

Uttar Pradesh secured fourth rank, notching Rs.35,343 crore last fiscal, while Delhi with investments worth Rs.11,758 crore came in the fifth position.

Punjab received investments worth Rs.5,122 crore, Himachal Pradesh Rs.3,908 crore and Jammu and Kashmir Rs.645 crore.

Union Territory of Chandigarh attracted Rs.540 crore, the report said.

Top sectors that attracted planned investments in 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 Haryana, real estate sector secured Rs.43,565 crore as against Rs.5,345 crore of hospitality sector. Infrastructure and retail sectors respectively received investments worth Rs.2,150 crore and Rs.620 crore.

In Uttarakhand, energy sector attracted largest investments at Rs.30,300 crore.

Textiles secured Rs.2,100 crore, while healthcare and automobile sectors received Rs.920 crore and Rs.840 crore respectively.

In Delhi, hospitality sector received the largest share of investments at Rs.6,328 crore, followed by real estate at Rs.2,670 crore.

In Uttar Pradesh, the real estate sector attracted investments worth Rs.26,390 crore, followed by Rs.4,183 crore in energy and Rs.2,150 crore in infrastructure sectors.

According to Assocham secretary general D.S. Rawat, Rajastan’s well connectivity and good infrastructure facility with hassle-free business environment attracted investors.

“Single window system is quite in Rajasthan with abundant availability of natural resources. Almost similar is the case in the states of Uttarakhand, Haryana and even Punjab,” he added.

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