HARYANA RECORDS HIGHEST INVESTMENT IMPLEMENTATION RATE OF OVER 82% Haryana has ranked on top registering the highest investment implementation rate of over 82 per cent across India, industry body ASSOCHAM said on Tuesday. “Of the total investments worth over Rs4.6 lakh crore attracted by Haryana as of March 2013 from various public and private sources, projects worth over Rs3.8 lakh crore are being implemented, while only about 18 per cent of investments remained non-starter,” according to an analysis of investments carried out by The Associated Chambers of Commerce and Industry of India (ASSOCHAM). In Haryana, over 11 per cent of investment projects are in the announcement stage, while implementation of over four per cent investments are stalled due to various reasons and there is no information of over two per cent projects, highlighted the ASSOCHAM analysis. Jammu and Kashmir (81.4 per cent), Punjab (79 per cent), Assam (72 per cent) and Chhattisgarh (69 per cent) are amid top five States that are currently witnessing a high rate of implementation of investments. Punjab has attracted live investments worth over Rstwo lakh crore as of March 2013, out of which investments worth over Rs1.7 lakh crore are in the implementation stage and rest of the investments remained non-starter. While, over 17 per cent investments were in announcement stage, implementation of over one per cent projects was stalled and there was no information of about two per cent investment projects. DS Rawat, national secretary general of ASSOCHAM while releasing the analysis said, “Investments worth over Rs69.5 lakh crore i.e. just about 57 per cent of the total investments of over Rs122 lakh crore attracted from various public and private sources are under implementation stage as of March 2013,” said Mr Rawat. “These dismal figures showcase that owing to prevalence of global recessionary trends and slowdown of Indian economy investments across states have been kept on hold which is worrisome for a country that desperately needs investments.” Inadequate addressal of project induced displacement, failure of implementation of Resettlement and Rehabilitation (R&R) policies, environmental clearances, bureaucratic delays, lack of clear cut policies and others have been contributing to lower implementation rates of investment projects in India, further highlighted the ASSOCHAM analysis. https://facebook/PropertyOnDiscount?ref=hl
Posted on: Fri, 06 Sep 2013 06:38:47 +0000
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