Gujarat, UP, AP Lead Ind Proposals
Nation-wide data denotes 28% fall in intended investment, while actual investments almost doubled
Gujarat, UP, AP Lead Ind Proposals
New Delhi: July witnessed a mixed picture in terms of industrial investment. While there was almost 28 per cent fall in intended investment, actual investments almost doubled, official sources told Bizz Buzz.
As many as 67 units filed Part-A of industrial entrepreneur memorandums (IEMs), denoting intention to invest. The proposed investments were worth Rs41,413 crore. This was 27.57 per lower than Rs52,833 crore by 136 units in July 2023. On a month-to-month basis, however, there was a rise, as in June this year 82 enterprises filed Part-A of IEMS worth Rs39,835 crore.
In the January-July period, total Part-A IEM filings were Rs381,687 crore, up from Rs320,135 crore in the first seven months of the last calendar year. In terms of job creation, the situation got worse, as proposed projects are estimated to generate 24,169 jobs, while in July 2023 the figure was 66,382.
Sectorwise, metallurgical industries got the maximum from Part-A filings, Rs25,054 crore, followed by ‘others’ with Rs7,879 crore and ‘chemicals (other than fertilizers)’ Rs2,630 crore. Gujarat led States in getting actual investments, worth Rs5,646 crore, followed by Uttar Pradesh with Rs4,942 crore and Andhra Pradesh Rs3,013 crore. Sectorwise, the transportation industry got maximum investments of Rs4,224 crore, followed by sugar Rs2,708 crore and cement & gypsum products Rs2,465 crore.
As for actual investments, which are signified by Part-B filings, the performance was impressive. 91 units invested Rs19,705 crore in July, which was almost double of Rs9,858 crore in July 2023. In the previous month, that is June, there was a total investment of Rs13,395 crore. Employment generation in July 2024, July 2023, and June 2024 was 40,717, 35,128, and 28,130, respectively.
In the January-July period, total Part-B IEM filings were Rs196,255 crore, up from Rs181,218 crore in the first seven months of the last calendar year. Odisha topped the list in Part-A filings of IEMs, with Rs26,409 crore, followed by Gujarat with Rs9,192 crore and Maharashtra with Rs1,929 crore .
Sectorwise, metallurgical industries got the maximum from Part-A filings, Rs25,054 crore, followed by ‘others’ with Rs7,879 crore and ‘chemicals (other than fertilizers)’ Rs2,630 crore. Gujarat led States in getting actual investments, worth Rs5,646 crore, followed by Uttar Pradesh with Rs4,942 crore and Andhra Pradesh Rs3,013 crore. Sectorwise, the transportation industry got maximum investments of Rs4,224 crore, followed by sugar Rs2,708 crore and cement & gypsum products Rs2,465 crore.
