Karnataka accounts for 25% of all investment projects in India

BENGALURU: Karnataka has attracted the most investment proposals in the first three quarters of 2018, leaving two large states, Gujarat and Maharashtra.

The data badysis of the Ministry of Commerce and Industry shows that with investment proposals worth 83,236 billion rupees, the l 39; State accounts for 25% of the total value of these proposals in India. The total for the country is 3.38 million crore lakh rupees.

But the state represents only 6% of the total number of projects proposed. In nine months, India received 1,486 proposals and Karnataka only 92, indicating that a majority of proposed projects are large.

The proposals include a project of 240 crores of Rs by JSW Solar, a project of 100 crores of Rs by MK Agrotech, several proposals of the group Maini, distributed in the fields of aerospace, space and automotive, with a capacity of 3.6 lakh SK Steel Mill and the cement projects of Ultratech and Adani Cement.

Gujarat, with 347 projects, contains four times more proposals than Karnataka and Maharashtra, with 275 projects, three times more. Yet, in terms of value, the 347 projects in Gujarat are worth only 59,089 crore rupees and the 275 projects in Maharashtra are worth 46,428 crore.

Over the past two months, Karnataka has received 23 proposals spread across sectors such as aerospace, space, iron and steel, pharmaceuticals , automotive, textile, information technology and renewable energy. The proposals are distributed among the districts: Bengaluru, Tumakuru, Bagalkot, Bidar, Kalaburgi, Ballari, Belagavi, Kolar, Dakshina Kannada and Koppal.

Last month, YOU announced that most of Karnataka's proposals were presented in February and March, before the elections. There has been a sharp decline over the next few months, but again, there was a recovery in August and September.

Gaurav Gupta, chief secretary of the State Department for Industry and Commerce, said that Karnataka has a good pool of human and natural resources and a policy favorable to the industry. "Although we have numbers, our goal and priority is to convert as many of these proposals into field projects. There is a lot of manual work on this front, and you will see some results soon, "he said.

Dip the last year

The figure for 2018 is however lower than last year. In the first three quarters of 2017, Karnataka had attracted 1.47 lakh crore from Rs. Industries Minister KJ George noted that the state was in the midst of an election campaign in the first three months of this year. fiscal year (April-June) and that the government did not have much to do at the time. "From now on, the goal is clear and we have a whole series of new policies, such as the policy on electronic vehicles, etc., that will attract more investment," he said.