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Gujarat numero uno in attracting industrial investment

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Express News Service

Posted: Aug 21, 2008 at 0306 hrs IST

Gandhinagar, August 20 The Reserve Bank of India (RBI) has declared Gujarat as the “number one” state in the country for attracting the highest investment in industrial projects during 2007-08.

Quoting a recent study report of the RBI, government spokesmen Jay Narayan Vyas and Saurabh Patel said on Wednesday that the state has attained the first position with an investment of Rs 62,442 crore in as many as 100 projects.

This is 22 per cent of the country’s total investment registered in that year.

Maharashtra is ranked second with an investment of Rs 36,202 crore (12.7 per cent of the country’s total investment), followed by Orissa (10.9 per cent), Andhra Pradesh (8.5 per cent), Chhattisgarh (6.2 per cent), Tamil Nadu (5.6 per cent) and Karnataka (3.7 per cent).

The report suggests that of the total Rs 2,84,371 crore loan given by various banks and financial agencies for 910 projects across the country, Gujarat recorded an investment of Rs 62,446 crore in 100 projects, Vyas said.

He claimed that Gujarat continues to hold the first position due to the government's transparent policies and pro-active business friendly approach, as also the best infrastructure being available in the state.

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