New Delhi: Gujarat has emerged as one of the top investment destinations in the country attracting proposals of more than Rs 14.8 lakh crore as on June 2012, an industry body study has said.

"Clocking a share of 10.6 percent in total investments of over Rs 140 lakh crore across the country (till June 2012), Gujarat has emerged as the most lucrative investment destination attracting highest number of proposals, worth over Rs 14.8 lakh crore," Assocham said in its study.

Of the total outstanding investments in Gujarat worth over Rs 14.8 lakh crore, investments in private sector accounts for over Rs 10.3 lakh crore and public sector registered proposals worth Rs 4.5 lakh crore, it added.

The investments were attracted in sectors like finance, manufacturing, real estate and irrigation, the survey said.

"The flow of private investments is decided by the attractiveness of investment opportunities as they are mostly driven by profitability considerations," Assocham General Secretary D S Rawat said.

Besides, bureaucratic efficiency, infrastructure facilities and ease of land acquisition influence the flow of these investments, he added.

The survey added that of the Rs 140 lakh crore total outstanding investments, private sector accounts for over 59 percent at Rs 82.9 lakh crore till June 2012.

After Gujarat, Maharashtra stood second in attracting investment proposals worth Rs 14.3 lakh crore followed by Andhra Pradesh (Rs 12.3 lakh crore), Odisha (Rs 11.8 lakh crore) and Karnataka (Rs 10.4 lakh crore), it said.


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