Moderate Growth In Ind Investments In H1

New Delhi: Actual industrial investment rose slightly in the first half of this calendar year. In the January-June period, it was Rs176,550 crore, which was three per cent more than Rs171,360 crore in the same period in 2023.

In the month of June, though, there was a steep decline in actual investment, as it came down from Rs47,262 crore in June 2023 to Rs13,395 crore. The decline was even on a month-to-month basis, as the figure for May 2024 was Rs33,541 crore.

Odisha received the maximum investment of Rs42,610 crore in the first half of 2024, which was almost three times what it got in the same period in 2023 i.e. Rs14,628 crore.

Gujarat and Maharashtra were second and third with Rs25,440 crore and Rs25,111 crore, respectively.

Electrical equipment was the top performing sector in January-June 2024, getting Rs41,865 crore, up from Rs13,288 crore in the first six months of 2023. This was followed by chemicals (other than fertilizers) Rs28,147 crore and cement & gypsum products, Rs22,353 crore.

In June, while there was a steep fall in actual industrial investment, the impact on employment generation was, though adverse, not very bad, official sources told Bizz Buzz. Investment of Rs13,395 crore created 35128 jobs, which was not very low in comparison with 46,762 employment opportunities that were generated in June 2023 with a total investment of Rs47,262 crore.

Gujarat, Madhya Pradesh, and Maharashtra were the top three States attracting maximum investment in June. Gujarat’s 17 projects got Rs1,881 crore and generated 3,434 jobs. Madhya Pradesh’s 10 projects got Rs1,824 crore and created 6,443 jobs. In Maharashtra, there were nine projects which received Rs 775 crore and generated 8,391 jobs.

Chemicals (other than fertilizers) accounted for the highest investment, Rs1,013 crore. Fermentation and metallurgical industries received Rs864 crore and Rs448, respectively.