Domestic invst proposals grow by 16% in 2009: Assocham

With economy coming back on growth path, investment proposals by India Inc saw an increase of about 16% to Rs 15.94 lakh cr in 2009, an Assocham study has said.

Last Updated: Jan 21, 2010, 18:36 PM IST

New Delhi: With the economy coming back on
the growth path, investment proposals by India Inc saw an
increase of about 16 per cent to Rs 15.94 lakh crore in 2009,
an Assocham study has said.

"The robustness in corporate investment activity in India
shows how competently the economy has managed to weather the
storm of unprecedented global financial crisis," Assocham
Secretary General D S Rawat said.

Total investment plans of Indian companies, which were
surveyed by the industry chamber Assocham, increased
significantly from Rs 13.80 lakh crore in 2008 to Rs 15.94
lakh crore in 2009 in sectors like power, real estate and
infrastructure, the study said.

However, the chamber did not mention the number of
companies surveyed.

Among the states which have received maximum investment
proposals are Gujarat, Orissa and Andhra Pradesh, it said.

"Of the total proposed investments, Gujarat, Orissa
and Andhra Pradesh carved out a majority share of 15.4 per
cent, 12.6 per cent and 8.1 per cent respectively," it added.

Rawat said, the implementation of these investment
projects has been hampered by a slew of hurdles including land
acquisition problems and depressed expat market conditions.

PTI