Andhra Pradesh tops in attracting industrial investments

• Vijayawada: Andhra Pradesh has emerged on the top among all other states in attracting industrial investments in 2015-16, pushing the previous year’s topper Maharashtra to the third spot.
• Andhra Pradesh attracted an investment of Rs 21,914 crore out of the Rs 1,38,700 crore gross investments across India, the state government said in an official release today, quoting a report by the Reserve Bank of India.
• This was 15.8 per cent of the total investments of over Rs 10 crore each unit. In 2014-15, AP’s share in the country’s investments was 8.1 per cent.
• Gujarat retained the second place attracting 14.5 per cent of investments, up from 9.5 per cent in 2014-15 while Maharashtra was pushed to the third spot with 10.9 per cent in 2015-16, a decline from 14.8 per cent.
• Tamil Nadu also made quantum gains in investment, attracting 9 per cent of the gross and jumping to the fourth spot.
• In 2014-15, investment flow into Tamil Nadu was a mere 2.9 per cent.
• Karnataka and Madhya Pradesh were tied at the fifth spot garnering 7.2 per cent share each in industrial investments, according to the RBI report.
• According to the Industries Department of AP, industrial growth rate in the state shot up from 5.25 per cent in 2014-15 to 11.1 per cent in 2015-16.

Andhra pradesh tops, attracting industrial, investments