AP ranks 4th in share of private investments

Andhra Pradesh ranks fourth in terms of share in the total private sector investments, including from foreign private players across India.

A study by industry body Assocham revealed that the State had a share of over 8 per cent in the total private sector investments as of June this year. Gujarat, Odisha and Maharashtra with a share of 12.5 per cent, 10.7 per cent and 8.9 per cent, respectively, figure ahead of Andhra Pradesh.

Out of the total outstanding investment of over Rs 12.3 lakh crore in the State, private sector accounts for over Rs 6.9 lakh crore, accounting for a share of 56 per cent, the study reveals.

In fact, at the national-level, private sector investments account for a share of 86.6 per cent of the total outstanding investments.

“Flow of private investments is decided by the general investment climate that prevails in the State. Bureaucratic efficiency, infrastructure facilities and ease of land acquisition, are the key drivers for investment flow,” Ravindra Sannareddy, Chairman of Assocham Southern Regional Council, said.

At the other end of the spectrum, Kerala, Himachal Pradesh, Uttarakhand and Assam, have the least share in India’s total private sector investment, which is even less than one per cent, the study said.