Daijiworld Media Network – Bengaluru (RJP)

Bengaluru, Nov 10: Karnataka has maintained its number one position in attracting investments in the country. The state accounts for an almost-unbelievable 44.3% of the total investment intentions in the country in 2017.

The figures from the Union commerce and industry ministry for January to September this year show Rs 1, 47,625 crore worth of investment proposals have come into the state. That is out of a total of Rs 3.3 lac crore investment proposals for the whole of India.

Gujarat follows way behind at Rs 65,741crore. Karnataka was the No 1 state even in 2016, accounting for 37% of investment intentions. This was only 10% in 2015, and the state was behind Gujarat, Chhattisgarh and Maharashtra then.

Many of these intentions may not translate into actual investments, or may happen over several years. But that is true for all the states. In such scenario, the differences in actual flows across states may not be very different from the investment proposals planned and pledged now.