Andhra Pradesh clocks 4x rise in ind investments
In Jan-Nov 2022 period, industrial investments surged to Rs44,985 cr with 45 projects as against Rs10,350 cr with 47 projects in 2021 and Rs9,840 cr with 42 projects in 2020
- The biggest loser last year was Gujarat
- However, it got more projects in Jan-Nov 2022 as it bagged 149 projects against 110 in 2021
- But investment was Rs31,108 crore as against Rs104,968 cr in 2021
- Maharashtra, Chhattisgarh & Odisha too suffered decline in investments
Another western state, Maharashtra, also witnessed a decline in industrial investment-from Rs 45855 crore in 171 projects in 2021 to Rs 30651 crore in 192 projects in January-November 2022. The corresponding figures in 2020 were Rs 33,715 crore and 101
New Delhi: Andhra Pradesh has done exceedingly well in terms of attracting actual industrial investment in the last three years. In the first 11 months of 2022 alone, the southern State had investment four times of what it got in 2021, official sources told Bizz Buzz.
From Rs9,840 crore in 42 projects in 2020, the investment rose to Rs10,350 crore in 2021 in 47 projects. In the January-November 2022 period, the investment jumped to Rs 44,985 crore in 45 projects.
However, the other Telugu state, Telangana, did badly - from Rs6,739 crore pouring into 25 projects in 2021 Rs3,333 crore in 32 projects in the first 11 months of the last calendar year.
The biggest loser last year was Gujarat. While it got investment in more projects in the January-November 2022 period, 149, against 110 in 2021, the amount it received in the first 11 months of the last calendar year was Rs 31,108 crore. In 2021, it was Rs104,968 crore. In 2020, the western state got Rs34,866 crore in 285 projects.
Another western state, Maharashtra, also witnessed a decline in industrial investment - from Rs 45855 crore in 171 projects in 2021 to Rs 30651 crore in 192 projects in January-November 2022. The corresponding figures in 2020 were Rs 33,715 crore and 101.
Orissa also faced a precipitous decline last year. It had received Rs 28,954 crore in 28 projects in 2020, which went up to Rs89167 crore in 30 projects in 2021. In the first 11 months of the last calendar year, there was a precipitous fall-22 projects getting Rs 37,266 crore.
In Chhattisgarh too, the decline is steep and steady. From 51 getting Rs73,567 crore in 2020, it was 70 projects and Rs 16,492 in 2021. In January-November 2022, the corresponding figures were 26 and Rs 2,766 crore.
Since there were big dips in investments pouring into many states, the overall actual investment also declined last calendar year -from Rs 347,932 crore in 812 projects in 2021 to Rs 221,632 crore in 852 projects in January-November 2022.
These figures are derived from the Part B filings of industrial entrepreneurial memorandums (IEMs). Part A filings of IEMs pertain to the intentions to invest, whereas Part B filings are done when operations commence.