Telangana unrest may impact fund flows: Assocham

Last Updated: Saturday, December 12, 2009 - 20:30

Hyderabad: Industry body Assocham on Saturday said
the Telangana unrest will be detrimental for the growth of the
state and may impact the flow of investments, but did not give
any precise figure.

The Assocham in a release said the ongoing agitation in
the state will impact the growth of IT/ITeS, manufacturing
& real estate, besides affecting investments from corporate
sector.

The industry body called for a need to maintain an
environment favourable for growth to minimise losses to
industry. Already, the phrama firms in the state have said
they have lost nearly Rs 400 crore in the last ten days of the
unrest.

Andhra Pradesh, for the the first time last year, emerged
as the favourite among local and global investors after
Gujarat.

According to Assocham study, last year, of the Rs
88,71,867 crore investment proposals--both government and
private--announced for the country, Andhra`s share was 8.7 per
cent at Rs 7,05,000 crores.

As on March this year, the private sector investments
announced for the state is Rs 4,25,656 crore in which the
domestic private sector share stood at Rs 3,80,461 crore for
971 projects, the statement said.

PTI



First Published: Saturday, December 12, 2009 - 20:30

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