India's power sector has cornered a lion's share in the Rs 633,906 crore investment announced by corporates during January-June 2008, industry body Assocham has said.
Of the investments tracked by the industry body during the first half of calendar year 2008, the energy sector attracted 18.64 per cent at Rs 195,913 crore. Power majors like Tata Power, Sterlite Industries, Jindal India Thermal Power and Lanco Group are among the corporates that have lined up big investments in the sector.
The other major sectors attracting huge investments, included real estate, steel, retail and telecom.
Undaunted by the high interest rates, the real estate sector ranked second in terms of flow of funds, attracting 14.38 per cent of investments at Rs 151,084 crore for the next 2-5 years.
The firms unveiling investment included Omaxe Ltd, Uppal Group Developers and Mahindra World City.
Steel sector followed with investment announcements worth Rs 108,609 crore accounting for 10.33 per cent of total capital expenditure tracked by the study. The sector attracted investments from steel majors like Vedanta Resources, Tata Steel, Bhushan Steel and JSW Steel, Assocham President Sajjan Jindal said.
With the retail sector growing at an estimated 25 per cent, corporate retailers and real estate developers like Reliance Retail, Parsvanath Developers and Videocon Industries announced investments worth Rs 89,200 crore for January-June 2008 accounting for 8.24 per cent.