Haryana attracted private sector investments (domestic and foreign) of over Rs 3.9 lakh crore as of June 2012. This is about 87 per cent of the total investments worth Rs 4.5 lakh crore in the State, industry body Assocham said on Friday.
A sector-specific analysis titled ‘Composition of Outstanding Investments Across States’, by The Associated Chambers of Commerce and Industry of India, shows with a share of over Rs 82.9 lakh crore, the private sector accounted for 59 per cent of the total outstanding investments across the country worth over Rs 140 lakh crore, as of June 2012.
The analysis comes in the backdrop of Haryana being in the eye of the storm over allegations of favouring the DLF-Vadra land deals and the whistle-blowing by senior civil servant, Ashok Khemka, who was subsequently transferred.
Praising Haryana for “bureaucratic efficiency, infrastructure facilities, and ease of land acquisition”, D.S. Rawat, National Secretary General, Assocham, said: “Flow of private investments is decided by the attractiveness of investment opportunities as they are mostly driven by profitability considerations.”
The other states that are considered attractive are Jharkhand, Odisha, Chhattisgarh and Uttar Pradesh, where private investments account for over 70 per cent of the total investments.
Of the total outstanding investments in Gujarat worth over Rs 14.8 lakh crore, the private sector accounted for over Rs 10.3 lakh crore. Odisha, a mineral rich State, drew private sector investments worth over Rs 8.8 lakh crore.
Kerala, Himachal Pradesh, Jammu & Kashmir, Uttarakhand and Assam had the least share in India’s total private sector investments at less than one per cent.