Five States contributed half of PSU investments between 2008 and 2013’ According to a study by the Associated Chambers of Commerce & Industry of India (Assocham), 50 per cent of the major investments – amounting to Rs.5.5 lakh crore ($91 billion) - between 2008-09 and 2012-13 in Central Public Sector Enterprises (CPSEs) came from five States. Topping the list, Maharashtra alone claimed 20 per cent in the total, followed by Andhra Pradesh (8.4 per cent), Tamil Nadu (8.1 percent), Odisha (6.7 per cent) and Uttar Pradesh (6.2 per cent), the study said. The investment would have been much more with improved employment generation had there not been delays in execution and implementation of the new projects, the study added. “Investment is a function of the state of economy, historical base of the concerned CPSE, industrial environment and the push factor of the states besides priorities of the central government. Despite talks of autonomy, the public sector investment decisions are influenced by several factors other than pure commercial considerations,” Assocham Secretary General D.S. Rawat said. The other States in the list included West Bengal (5.3 per cent), Chhattisgarh (4.8 per cent), Assam (3.9 per cent), Madhya Pradesh (3.8 per cent) and Himachal Pradesh (3.4 percent). “The CPSEs investment growth rate was recorded at 9.05 percent in 2012-13 on a year-on-year basis as compared to 13.42 percent in 2011-12, 9.48 percent in 2010-11 and 15.52 percent in 2009-10,” the paper said.
Posted on: Mon, 08 Sep 2014 06:33:48 +0000
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