Maharashtra has emerged as the top player in luring global and domestic investment by attracting 15L crore in 5 years, while Gujarat at the second place. According to a recently publish report of Assocham, Gujarat secured a mere 2% growth in investments among 21 states in past 5 years.
Gujarat, Maharashtra and Odisha have emerged as the most sought investment destinations in the last five years, according to the reports. They together accounted for more than one quarter (26.6%) during the period 2009-14.
Top 5 states
|State||Share (in percentage)|
Compiled by the Assocham Economic Research Bureau (AERB).
Maharashtra attracted investments mostly in real estate sector with 21.2% of total investments. The value of real estate investment helped Maharashtra to surge ahead, but Gujarat still ranks top in terms of investments in what is considered as hard manufacturing – automobile manufacturing companies. Maharashtra in order to truly become an investor friendly destination has to work on two aspects, round-the-clock power supply and a stable political environment, the report further said.