India is set to become a potential goldmine as investment announcements surged to Rs.1,75,629 crore for months of August and September 2007 says the ASSOCHAM Eco Pulse Study.

The ASSOCHAM Study on ‘Investment Announcements’ for period of August and September 2007  tracked investment announcements made by 70 companies in Indian private sector with investments plans ranging between two to ten years across various sectors.

Top ten states with investments

(In Rs.crores)

 S.NO.  States  Capex
 1.  Orissa  55,800
 2.  West Bengal  31,200
 3.  Maharashtra  9,834
 4.  Andhra Pradesh  8594
 5.  Kerala  6000
 6.  Karnataka  5045
 7.  Gujarat  4032
 8.  UP  2410
 9.  Rajasthan  2000
 10.  Chennai  1725

 

Top Ten Sectors

(In Rs.crores)

 S.NO.  States  Capex
 1.  Petroleum  53,300
 2.  Steel & Cement *  28,300
 3.  Real Estate  18,750
 4.  Hospitality  8,660
 5.  Automobile  6,400
 6.  Retail  6,200
 7.  Media  4,850
 8.  IT  3,140
 9.  Pharmaceuticals  2,100
 10.  Telecom  1,872