New announcements have averaged between Rs 3.5 and 5.5 lakh cr in the last 10 quarters. Thus, the fall in the June 2009 quarter is as exceptional as the rise in the preceding quarter.
Implementation of 49 projects envisaged an investment of a substantiative Rs 1.2 lakh cr. This includes the Rs 30,000 cr Maha Mumbai SEZ project of Mukesh Ambani-led Reliance Industries Ltd. "The fall in new investments and the rise in projects being stalled raises fears of an abrupt halt of the investment cycle seen in the last five years. It is too early to conclude that this is indeed the case," it stated. Of greater importance is the commissioning of projects that is expected in 2009-10, the report added.