V
V.Balasubramani
Guest
[h=1]TN ranks low in actual investments[/h]
Chennai: Tamil Nadu is slipping in converting investment proposals into tangible investments, with the latest data showing that it lags behind many states, including late bloomers such as Madhya Pradesh and Rajasthan.
Though 61,550 crore ($9.3 billion) was proposed to be invested in the state between 2013 and 2015, actual investments were a meagre 5,293 crore, the worst among 10 large states, DIPP (Department of Industrial Policy and Promotion) data showed. In fact, actual investments into TN came at a measly 501 crore (see table) in 2015, also the lowest among these large states.
TN had said it attracted investment proposals worth 2.42 lakh crore at the end of the two-day Global Investors Meet in Chennai last September. While investment proposals in Karnataka and Andhra Pradesh were slightly lower than TN during 2013-15, the neighbouring states were way ahead in actual investments committed.
Actual investment made in AP in the period was 12,367 crore, while in Karnataka it was 21,000 crore. MP and Rajasthan, which not long ago were part of the 'BIMARU' states or under-performing states, have raced ahead of TN in attracting new investments and in converting them into projects.
more at: http://timesofindia.indiatimes.com/...n-actual-investments/articleshow/51623224.cms
Chennai: Tamil Nadu is slipping in converting investment proposals into tangible investments, with the latest data showing that it lags behind many states, including late bloomers such as Madhya Pradesh and Rajasthan.
Though 61,550 crore ($9.3 billion) was proposed to be invested in the state between 2013 and 2015, actual investments were a meagre 5,293 crore, the worst among 10 large states, DIPP (Department of Industrial Policy and Promotion) data showed. In fact, actual investments into TN came at a measly 501 crore (see table) in 2015, also the lowest among these large states.
TN had said it attracted investment proposals worth 2.42 lakh crore at the end of the two-day Global Investors Meet in Chennai last September. While investment proposals in Karnataka and Andhra Pradesh were slightly lower than TN during 2013-15, the neighbouring states were way ahead in actual investments committed.
Actual investment made in AP in the period was 12,367 crore, while in Karnataka it was 21,000 crore. MP and Rajasthan, which not long ago were part of the 'BIMARU' states or under-performing states, have raced ahead of TN in attracting new investments and in converting them into projects.
more at: http://timesofindia.indiatimes.com/...n-actual-investments/articleshow/51623224.cms
