AP ranks 4th in private sector investment: ASSOCHAM
Hyderabad, October 26 (INN): With a share of over eight per cent, Andhra Pradesh ranks fourth for the highest share in the total outstanding private sector investments, including both domestic and foreign private sectors, across India as of June 2012, apex industry body ASSOCHAM said on Friday.
Gujarat (12.5 per cent), Odisha (10.7 per cent) and Maharashtra (8.9 per cent) are the only states ahead of Andhra Pradesh in this regard.
Of the total outstanding investments in Andhra Pradesh worth over Rs 12.3 lakh crore, private sector accounts for over Rs 6.9 lakh crore thereby registering a share of over 56 per cent in the overall investments across the state, according to a sector specific analysis titled 'Composition of Outstanding Investments Across States,' carried out by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Besides, with a share of over Rs 82.9 lakh crore, the private sector accounts for over 59 per cent of the total outstanding investments across India worth over Rs 140 lakh crore as of June 2012, highlights the ASSOCHAM analysis.
Private sector investments account for a whopping 86.6 per cent in the total outstanding investments worth over Rs 4.5 lakh crore in Haryana which has a share of about 4.8 per cent in the total private sector investments made across India.
'Flow of the private investments is decided by the attractiveness of investment opportunities as they are mostly driven by profitability considerations,' said Ravindra Sannareddy, chairperson of ASSOCHAM Southern Region Council while releasing the findings of the chamber's analysis.
'Bureaucratic efficiency, infrastructure facilities, and ease of land acquisition influence the flow of private investments,' said Sannareddy. 'Tax concessions, product market conditions and exit policies are effective tools of private investment attraction.'
But interestingly, the share of private investments in the total live investments across Maharashtra, Andhra Pradesh and Karnataka is less than the all-India average of over 59 per cent, points out the ASSOCHAM analysis.
Kerala, Himachal Pradesh, Jammu and Kashmir, Uttarakhand and Assam have the least share in India's total private sector investments which is even less than one per cent.
Hyderabad, October 26 (INN): With a share of over eight per cent, Andhra Pradesh ranks fourth for the highest share in the total outstanding private sector investments, including both domestic and foreign private sectors, across India as of June 2012, apex industry body ASSOCHAM said on Friday.
Gujarat (12.5 per cent), Odisha (10.7 per cent) and Maharashtra (8.9 per cent) are the only states ahead of Andhra Pradesh in this regard.
Of the total outstanding investments in Andhra Pradesh worth over Rs 12.3 lakh crore, private sector accounts for over Rs 6.9 lakh crore thereby registering a share of over 56 per cent in the overall investments across the state, according to a sector specific analysis titled 'Composition of Outstanding Investments Across States,' carried out by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Besides, with a share of over Rs 82.9 lakh crore, the private sector accounts for over 59 per cent of the total outstanding investments across India worth over Rs 140 lakh crore as of June 2012, highlights the ASSOCHAM analysis.
Private sector investments account for a whopping 86.6 per cent in the total outstanding investments worth over Rs 4.5 lakh crore in Haryana which has a share of about 4.8 per cent in the total private sector investments made across India.
'Flow of the private investments is decided by the attractiveness of investment opportunities as they are mostly driven by profitability considerations,' said Ravindra Sannareddy, chairperson of ASSOCHAM Southern Region Council while releasing the findings of the chamber's analysis.
'Bureaucratic efficiency, infrastructure facilities, and ease of land acquisition influence the flow of private investments,' said Sannareddy. 'Tax concessions, product market conditions and exit policies are effective tools of private investment attraction.'
But interestingly, the share of private investments in the total live investments across Maharashtra, Andhra Pradesh and Karnataka is less than the all-India average of over 59 per cent, points out the ASSOCHAM analysis.
Kerala, Himachal Pradesh, Jammu and Kashmir, Uttarakhand and Assam have the least share in India's total private sector investments which is even less than one per cent.
News Posted: 26 October, 2012
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