Investments in various projects under implementation in 20 major states grew by 10 per cent to Rs 47.3 lakh crore in the first quarter of 2010-11 after a rise in funding in sectors like IT and pharmaceuticals, a study has said.
"Investments in sectors like information technology, engineering, chemical and capital goods have recorded improved performance during April-June 2010-11 compared to the last fiscal," the study by industry body Assocham said.
Among the states, which have attracted highest investments, Maharashtra received funds worth Rs 6.66 lakh crore, followed by Orissa Rs 4.98 lakh crore, Gujarat Rs 4.87 lakh crore and Andhra Pradesh Rs 4.78 lakh crore, the study said.
"The growth in these states is mainly due to exceptional performance in the capital goods and IT industry. Also, the prevalence of global recessionary trends and slow down of the Indian economy, investments in the seates were kept on hold during 2009-10," it said.
However, the study said, some of the states which did not see any hike in the value of investment projects are Punjab, Madhya Pradesh, Chhattisgarh and Himachal Pradesh.
