Released on: October 16, 2008, 11:37 pm

Press Release Author: varma

Industry: Real Estate

Press Release Summary: Andhra Pradesh and West Bengal have emerged as the country's
top two investment destinations for domestic private sector firms. The southern
state is the only one to have attracted capital expansion (capex) plan commitments
in excess of Rs 1 trillion in the first half of 2008.

Press Release Body: Andhra Pradesh and West Bengal have emerged as the country's top
two investment destinations for domestic private sector firms. The southern state is
the only one to have attracted capital expansion (capex) plan commitments in excess
of Rs 1 trillion in the first half of 2008.

Andhra Pradesh which attracted Rs 1,08,559 crore investment is followed by West
Bengal with over Rs 93,000 crore during the same period, according to a survey by
industry chamber Assocham. The figures are for the period before the Tatas pulled
out their ambitious Rs 1,500-crore Nano car project from the state.
In its study titled 'Regional Investment Ann-ouncements', Assocham said the eastern
region came on the top for attracting private sector investment announcements,
followed by southern and western regions. "One-time vibrant northern India for
investors has slipped to a poor position number four in terms of luring investments
by the private players," it said.

The central region, comprising Madhya Pradesh and Chhattisgarh, was ranked last with
the minimum share of 8.87 per cent in the total investment announcements. The
western region ranked third and Rajasthan (Rs 80,776 crore) outpaced Maharashtra (Rs
65,632 crore). Northern states attracted investments to the tune of Rs 123,905
crore. Haryana and the NCR grabbed Rs 50,595 crore and Rs 38,237 crore.........

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