Tamil Nadu & Andhra Tops The List In Attracting New Investments Fy15

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Tamil Nadu topped the charts with new investments worth Rs  37,320 crore, highest for the state in the past four years. Important contributors for this include Ministry of New & Renewable Energy (MNRE) that announced setting up a 4,000 Mw Tamil Nadu Solar Ultra Mega Power Project (UMPP) at Rs  26,000 crore and State Industries Promotion Corporation of Tamil Nadu Ltd (SIPCOT) that would set up a thermal power project at Tuticorin, with an investment of Rs  3,200 crore. With a capacity of 800 mw, the plant will be a part of the Madurai-Thoothukudi Industrial Corridor.

 

 

Andhra Pradesh stood second with substantial new investments worth Rs  33,900 crore. Of which, Rs  17,050 crore (nearly 50 per cent) belonged to the solar energy sector.

 

 

Third in the list was Maharashtra with new investments worth Rs  26760 crore. This includes announcement of a dry port at Aurangabad by Jawaharlal Nehru Port Trust (JNPT), with an investment of Rs  15000 crore. JNPT has also announced to develop a dry port at Wardha. Goods from these two dry ports shall be sent to the JNPT port for further exports by rail network.

 

 

Karnataka which ranked fourth saw new investments worth Rs  12690 crore, mainly in the steel industry. Interestingly, Uttar Pradesh at fifth place saw the highest amount of new investments in the quarter in the past four years, at Rs  12,610 crore. This includes approval of the Rs 5,280 crore Meja Phase II Thermal Power Project by the state government, entailing two units of 660 Mw each.

In Rajasthan (sixth place), new investments worth Rs  12590 crore were also led by the power sector mainly by Adani Power which announced to expand the capacity at its Kawai Coal Based Thermal Plant by 1,600 mw (two units of 800 mw each) to 2,920 mw, at a cost of Rs  9100 crore. New investments in Telangana at 7th position were comparatively lower than Andhra Pradesh at Rs 10,740 crore.

 

 

 

Jaffa followers..........

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[tom bhayya]

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[TOM_BHAYYA]

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