BENGALURU: Karnataka has attracted the utmost amount of funding proposals in the first three quarters of 2018, leaving two primary states, Gujarat and Maharashtra, means at the back of.
Analysis of information from the Ministry of Commerce and Industry display that with Rs 83,236 crore price of funding proposals, the state accounts for 25% of the whole value of such proposals in India. The overall for the rustic is Rs three.38 lakh crore.
But the state accounts for handiest 6% of the whole collection of initiatives proposed. In the nine months, India gained 1,486 proposals and Karnataka handiest 92, which indicates that a majority of the proposed initiatives are large.
The proposals include a Rs 240-crore undertaking via JSW Solar, a Rs 100-crore undertaking via MK Agrotech, more than one proposals from the Maini Group, unfold throughout aerospace, house and auto, a 3.6 lakh tonne capacity metal plant via SK Steel, and cement initiatives via Ultratech and Adani Cement.
Gujarat, with 347 initiatives, has four occasions the collection of proposals that Karnataka does, and Maharashtra, with 275 initiatives, has three times more. Yet, in terms of value, the 347 initiatives in Gujarat are price handiest Rs 59,089 crore, and the 275 initiatives in Maharashtra are price Rs 46,428 crore.
In the past two months, Karnataka has gained 23 proposals unfold throughout sectors like aerospace, house, iron and metal, prescribed drugs, car, textile, IT and renewable power. The proposals are unfold throughout districts: Bengaluru, Tumakuru, Bagalkot, Bidar, Kalaburgi, Ballari, Belagavi, Kolar, Dakshina Kannada and Koppal.
TOI had reported closing month that the bulk of Karnataka’s proposals got here in February and March, previous to the elections. There used to be a steep drop in the next few months, but however there’s been some pickup in August and September.
Gaurav Gupta, essential secretary in the state industry & commerce division, mentioned Karnataka has a good pool of human and natural sources and an industry-friendly coverage. “While it is good that we have got the numbers, our focal point and priority is to convert as many of those proposals into initiatives on ground. There is a lot of hand-holding work taking place on this entrance, and you will soon see effects,” he mentioned.
Dip From Last Yr
The figure for 2018 is then again lower than that closing 12 months. In the first three quarters of 2017, Karnataka had attracted Rs 1.47 lakh crore. Industries minister KJ George noted that the state used to be in the course of elections all through the first three months of this monetary 12 months (April-June) and there used to be now not much taking place in the executive then. “Now, the focus is obvious and we have now a bunch of new insurance policies just like the e-vehicles coverage and so on that may additional draw in investments,” he mentioned.
Analysis of information from the Ministry of Commerce and Industry display that with Rs 83,236 crore price of funding proposals, the state accounts for 25% of the whole value of such proposals in India. The overall for the rustic is Rs three.38 lakh crore.
But the state accounts for handiest 6% of the whole collection of initiatives proposed. In the nine months, India gained 1,486 proposals and Karnataka handiest 92, which indicates that a majority of the proposed initiatives are large.
The proposals include a Rs 240-crore undertaking via JSW Solar, a Rs 100-crore undertaking via MK Agrotech, more than one proposals from the Maini Group, unfold throughout aerospace, house and auto, a 3.6 lakh tonne capacity metal plant via SK Steel, and cement initiatives via Ultratech and Adani Cement.
Gujarat, with 347 initiatives, has four occasions the collection of proposals that Karnataka does, and Maharashtra, with 275 initiatives, has three times more. Yet, in terms of value, the 347 initiatives in Gujarat are price handiest Rs 59,089 crore, and the 275 initiatives in Maharashtra are price Rs 46,428 crore.
In the past two months, Karnataka has gained 23 proposals unfold throughout sectors like aerospace, house, iron and metal, prescribed drugs, car, textile, IT and renewable power. The proposals are unfold throughout districts: Bengaluru, Tumakuru, Bagalkot, Bidar, Kalaburgi, Ballari, Belagavi, Kolar, Dakshina Kannada and Koppal.
TOI had reported closing month that the bulk of Karnataka’s proposals got here in February and March, previous to the elections. There used to be a steep drop in the next few months, but however there’s been some pickup in August and September.
Gaurav Gupta, essential secretary in the state industry & commerce division, mentioned Karnataka has a good pool of human and natural sources and an industry-friendly coverage. “While it is good that we have got the numbers, our focal point and priority is to convert as many of those proposals into initiatives on ground. There is a lot of hand-holding work taking place on this entrance, and you will soon see effects,” he mentioned.
Dip From Last Yr
The figure for 2018 is then again lower than that closing 12 months. In the first three quarters of 2017, Karnataka had attracted Rs 1.47 lakh crore. Industries minister KJ George noted that the state used to be in the course of elections all through the first three months of this monetary 12 months (April-June) and there used to be now not much taking place in the executive then. “Now, the focus is obvious and we have now a bunch of new insurance policies just like the e-vehicles coverage and so on that may additional draw in investments,” he mentioned.
Karnataka accounts for 25% of all investment plans in India
![Karnataka accounts for 25% of all investment plans in India]()
Reviewed by Kailash
on
November 11, 2018
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