From Our Special Correspondent
Daijiworld Media Network - Bangalore
Bangalore, Sep 17: Barely 0.4 per cent of the total outstanding projects of over Rs 37 lakh crore or roughly Rs 14,000 crore worth projects have been completed in Karnataka during 2011-12.
An analysis conducted by the country’s apex trade industry body, Associated Chambers of Commerce and Industry of India (ASSOCHAM), the maximum share of completed projects of about 1 per cent in the total outstanding investments was from the mining sector.
Of the outstanding investments worth about Rs 60,000 crore in the State, projects worth Rs 600 crore got completed in the mining sector during the last fiscal, the ASSOCHAM analysis said.
About 0.5 per cent of projects each in services and electricity sector got completed, while the real estate sector saw completion of about 0.4 per cent of projects followed by manufacturing (0.3 per cent) and irrigation (0.3 per cent) sectors respectively.
“About 0.7 per cent of the total investment projects were completed in the last fiscal across India,” said ASSOCHAM National Secretary General, D S Rawat.
“Of the total outstanding investment projects worth over Rs 542 lakh crore across India, projects worth only about Rs four lakh crore were completed during the fiscal year,” he said.
The ASSOCHAM said Himachal Pradesh topped with completed projects worth over Rs 8,400 crore constituting 2.4 per cent in the total outstanding investments worth over Rs 3.4 lakh crore across the state.
“The maximum number of projects that were completed in the manufacturing sector which accounted for 1.38 per cent of the total outstanding investments in the sector across India,” Rawat said.
Services (0.7 per cent), mining (0.6 per cent), electricity (0.5 per cent), real estate (0.2 per cent) and irrigation (0.1 per cent) were other sectors which saw completion of projects during the same period.
Haryana (1.3 per cent), Assam (1.1 per cent), Uttarkhand (1.1 per cent) and Jharkhand (1 per cent) were other states where the share of completed projects in the outstanding investments respectively remained over 1 per cent.
Gujarat (0.9 per cent), Uttar Pradesh (0.9 per cent) and Madhya Pradesh (0.8 per cent) were other states where the share of completed projects remained above the national average of 0.7 per cent, the ASSOCHAM said.