The outstanding investment in Gujarat, as on March 31, 2008, stood at Rs 2,46,835 crore in 1,001 projects. With this, in terms of outstanding investment in projects among the states, Gujarat has bagged the third position. Orissa and Maharashtra are ahead. Orissa was successful in attracting investors because of abundance of raw materials required for steel and power projects. Simultaneously, Orissa has signed a lot of MoUs over the year for setting up steel and power projects. Similarly, Maharashtra has announced a lot of SEZ and power projects. However, Gujarat has attracted considerable private investment in chemicals, cement and refinery sectors. The project implementation ratio stood at 41 per cent as of March 2008.Fresh investmentIn terms of fresh investment also, Gujarat ranked third. It attracted 8.83 per cent share in total fresh investment announced in 2007-08. The state attracted fresh investment of Rs 41,282 crore in 309 projects during the last fiscal. The maximum outstanding investment has taken place in the manufacturing sector with 240 projects aggregating Rs 98,426 crore as of March 2008, up 22.57 per cent over the year with 30 new projects. The second position is bagged by the electricity and non-conventional energy sector with an outstanding investment of Rs 84,104 crore in 63 projects as of March 2008, a major increase of 41.11 per cent over the year.In terms of outstanding investment the services and utilities sector has bagged third position with maximum number of projects. In the services and utilities sector the number of projects was 615 with an outstanding investment of Rs 61,350 crore, as of March 2008. The mining sector has shown poor performance with 26 projects aggregating Rs 501 crore, with a decline of 37.47 per cent over the year. In the irrigation sector, the number of projects stood at 57 with outstanding investment of Rs 2,454 crore registering an increase of 28.21 per cent over the year.Within the manufacturing sector, food and agro products have performed very well. Basic chemicals bagged 79 projects with outstanding investment of Rs 75,084 crore.The refineries sector registered an increase of 51 per cent with one new project totalling nine projects aggregating Rs 53,570 crore, as of March 2008. Cement and cement products registered as increase of 230.16 per cent over the year. Within the electricity sector, thermal power sector has performed well with 48 projects aggregating Rs 75,947 crore, registering an increase of 46.85 per cent over the year.In services and utilities sector, the water and sewage effluent treatment sector bagged seven new projects registering an increase of 91.33 per cent over the year. Real estate and industrial parks also performed well.
The LPG storage and distribution sector was a poor performer. Crude oil/POL pipelines performed poorly and registered a decline of 22.88 and 2.52 per cent respectively. The performance of the shipping infrastructure sector was satisfactory.Private investmentIn terms of ownership, the private sector accounted for mega investment with 64.64 per cent share in the overall investment taken place during the year. The private sector had 425 projects aggregating around Rs 159,553 crore, as of March 2008. Investment by the private sector grew by 30.67 per cent over the year. The number of projects by private (Indian) increased from 325 to 410 and in terms of value from Rs 116,931 crore to Rs 154,032 crore over the year.Projects by private (foreign) stood at 15 aggregating Rs 5,521 crore, as of March 2008. In terms of ownership, government announced 576 projects aggregating Rs 87,282 crore. Within the government sector, maximum projects were announced by the state government. The number of projects increased from 414 to 471 and investment from Rs 45,464 crore to Rs 47,690 crore over the year by the state government. Around 105 projects aggregating Rs 39,592 crore are under various stages of implementation by the Central government.
The LPG storage and distribution sector was a poor performer. Crude oil/POL pipelines performed poorly and registered a decline of 22.88 and 2.52 per cent respectively. The performance of the shipping infrastructure sector was satisfactory.Private investmentIn terms of ownership, the private sector accounted for mega investment with 64.64 per cent share in the overall investment taken place during the year. The private sector had 425 projects aggregating around Rs 159,553 crore, as of March 2008. Investment by the private sector grew by 30.67 per cent over the year. The number of projects by private (Indian) increased from 325 to 410 and in terms of value from Rs 116,931 crore to Rs 154,032 crore over the year.Projects by private (foreign) stood at 15 aggregating Rs 5,521 crore, as of March 2008. In terms of ownership, government announced 576 projects aggregating Rs 87,282 crore. Within the government sector, maximum projects were announced by the state government. The number of projects increased from 414 to 471 and investment from Rs 45,464 crore to Rs 47,690 crore over the year by the state government. Around 105 projects aggregating Rs 39,592 crore are under various stages of implementation by the Central government.
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