• search

MP leads in capital investment

Written by: Staff

Bhopal, June 17 (UNI) Madhya Pradesh, so far considered a backward state, has topped 10 leading states in respect of capital investment.

Madhya Pradesh got proposals for industrial investment of Rs 73,608 crore with an average 72 per cent implementation of the proposed projects, says a survey conducted by the Tata Services in September last year.

As compared to this, the rate of implementation was 65 per cent in Himachal Pradesh, 64 per cent in Rajasthan, 62.7 per cent in Haryana, 61.7 per cent in Delhi and 47.7 per cent in Andhra Pradesh.

The survey report was also published in June 2006 edition of India Business Journal, official sources said today.

The state's contribution in the total proposed and implemented capital investment was registered at 3.5 per cent. This is much ahead of Bihar, Delhi, Haryana, Himachal Pradesh, Jharkhand, Kerala, Punjab and Rajasthan.

Madhya Pradesh has become an ideal state for capital investment with plenty of mines, prosperous economic scenario, lower cost of land and labour, peaceful industrial climate and regular power supply.

The mineral-rich state has coal, coal-bed methane, rock phosphates, limestone, manganese ore, pyrophyllite, copper, dolomite and diamond deposits.

State is likely to emerge as a power hub with the proposed thermal plant of 6600 megawatt in Sidhi district and the proposal by the Reliance group to set up a methane gas-based power plant in Shahdol district.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more