Karnataka, UP emerge most preferred states for investments
22 Dec 2010
Karnataka has emerged as most preferred investment destination from among 20 investment-friendly states. Karnataka topped with a share of 9.1 per cent in domestic investment plans during April-September 2010, as per Associated Chambers of Commerce and Industry of India's Investment Meter (AIM).
Clocking a year-on-year growth of 73.8 per, the state garnenerd an investment of Rs388,578 crore.
Uttar Pradesh took the second spot with a growth of 75.5 per cent (y-o-y) and a 4.7 per cent share of total investments in April-September 2010-11. The state attracted massive investment plans aggregating Rs205,189 crore during the period.
Power and services were the preferred sectors that attracted but of the investment.
According to AIM's assessment report for corporate investments across states and sectors, total investment plans of India Inc surged from Rs 7,971,464 crore in 2009 to Rs 10,097,472 crore during April-September, 2010.
The report said the total investment intentions the study tracked reflects encouraging signs of an up tick in investments and acceleration of the overall growth rate.