Haryana, Punjab top investment destinations in North

Chandigarh, Nov 25 (UNI) Haryana and Punjab together accounted for 57 per cent share of the investments in the North India announced by the private sector during first six months of the calendar year 2008, according to an ASSOCHAM Investment Meter (AIM).

Haryana was the top investment destination in the northern region, as it attracted the capex announcements worth Rs 50,917 crore out of the total Rs 12,3905 crore investments lined up by the corporate sector during the period January to June 2008.

Punjab was at the third position with Rs 19,418 crore of private sector line up of funds. The Chandigarh region attracted Rs 667 crore mainly in hospitality (Rs 542 crore) and education (Rs 125 crore) segments.

Owing to the development-oriented government policies, favorable business conditions, rising income levels of the middle class, Haryana and Punjab are the two states which enjoy maximum investor confidence in the North, Mr D S Rawat, Secretary General, ASSOCHAM stated here today.

Haryana and Punjab are the most prosperous states in the northern region with their state domestic product growing at 9.6 per cent and 5.6 per cent respectively, for the last four years.

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