With a share of just about two per cent in the total investment commitments made by domestic and foreign private sources across India, Punjab has attracted private sector investments worth over `1.3 lakh crore as of December 2012, according to a sector specific analysis titled ‘Composition of Outstanding Private Investments Across States,’ released by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
“With investment proposals worth over `75 lakh crore, the private sector accounts for over 62 per cent of the total outstanding investments attracted by India worth about `122 lakh crore during the aforesaid period,” said DS Rawat, national secretary general of ASSOCHAM while releasing the chamber’s analysis.
“Inflow of private investments is influenced by bureaucratic efficiency, infrastructure facilities and ease of land acquisition and is decided by attractiveness of investment opportunities as they are mostly driven by profitability considerations,” said Rawat. “Besides, tax concessions, product market conditions and exit policies are certain effective tools of private investment attraction.”
Acquiring a share of about 14 per cent in the total outstanding private sector investments worth over `75 lakh crore (including both domestic and foreign private sources), Gujarat has ranked on top for attracting maximum private investments across India as of December 2012.