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India Inc invests Rs 6,72,000 cr in over two months
New Delhi, Sept 14 (ZEENEWSCOM) India Inc is bullish on investment opportunities in the country and has pumped in Rs 6,72,000 crore in sectors such as energy, petrochemicals, steel among others during the last two and half months, an ASSOCHAM study has revealed.
Among the sectors, energy attracted the maximum investments worth Rs 1,78,000 crore, while Tata Group has emerged as the highest investor among the corporates with an investment Rs 1,20, 000 crore followed by ONGC with Rs 1,14,000 crore and RIL Rs 59,000 crore for a period of 3-5 years.
"Energy, the most important input for the primary, secondary and tertiary sector and stole the show as quite a good number of new power projects are planned in the sector to harness the thermal power, natural gas and bio-fuel, ASSOCHAM president Anil Agarwal said.
Karnataka has emerged the most sought after state by attracting investments of about Rs 63,000 crore in areas of power, petrochemicals, cement and automobiles, the ASSOCHAM eco pulse study said.
The state of Orissa saw investments of Rs 47,000 crore followed by Maharashtra -- Rs 36,000 crore, Chhattisgarh -- Rs 33,000 crore and Gujarat -- 25,000 crore, it said.
The investor-friendly attitude of government, tax incentives, resource-availability and accessibility and increasing market demand are some of the major factors contributing toward such large investments in the various states, it said.
However, states such as Himachal Pradesh, Bihar, Assam and Delhi are among the poor performing state in terms of investment, it said, adding that in Bihar and Assam , political instability, lack of infrastructure, dicey investment policy are the biggest impediment in the capital investment.
The states of West Bengal, Tamil Nadu, Kerala, Punjab, Rajasthan, Uttar Pradesh, Daman and Uttaranchal received moderate investment.


