State among top 5 to woo big ticket investments

While total investment plans increased significantly from Rs 13,80,099 crore in 2008 to Rs 15,94,203 crore in 2009 these five states attracted more than of 50 per cent of total capital investment proposed by the Indian industry, Assocham Investment Meter on Corporate Investments study states.

Gujarat topped the list carving a majority share of 15.4 per cent,  while Karnataka ranked fourth attracting 7.6 per cent of investment plan of Indian Inc in 2009.

During 2009 Karnataka attracted investment plans worth Rs 1,06,092 crore. “Karnataka has cashed in its investor friendly image by attracting a proposal of setting up a six-million-tonne integrated steel plant by Arcelor Mittal,” Assocham Secretary General D S Rawat said.

“It has emerged attractive destinations for investment for its growing emphasis on in improving infrastructural facilities,” he added.

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