ProjectsToday Survey on Project Investments Made in 2010
ProjectsToday undertook a survey to track project investments made in India in 2010.
The survey by ProjectsToday, a firm tracking India’s project investments revealed that as many as 9919 new startups entailing a total investment of Rs 79544 crore were announced in January-December 2010. While in 2009 9344 new projects worth Rs 626119 crore were announced.
In 2010 the private sector announced 3987 projects entailing a total investment of Rs 4.52 lakh crore and the government agencies announced 5932 new initiatives worth Rs 3.42 lakh crore. Electricity, petrochemicals, cement and metallurgy projects drew the bulk of the fresh private investment. In terms of investment, the electricity as well the non-conventional energy sectors received the maximum investment commitment of 2.86 lakh crore for 699 projects. The projects with 7032 start-ups worth Rs 2.70 lakh crore were announced in the service and infrastructure sector.
The high investment proposals made in 2010 include the Rs 25000 crore steel project of Arcelor-Mittal India in Jharkhand, the Rs 25000 crore refinery project of HPCL in Ratnagiri and Reliance Industries' Rs 16000 crore petroleum project in Gujarat. IFFCO's Rs 10,000 crore urea project in Andhra Pradesh and the Rs 10,000 crore alumina project of Gujarat Mineral Development Corporation at Kutch, in Gujarat were also counted among the major investments made in 2010.
Region-wise analysis showed that Orissa is the most preferred destination for fresh investment with the state attracting 367 startups worth Rs 97,712 crore. Orissa was closely followed by Maharashtra, with 1962 startups worth Rs 95720 crore. Madhya Pradesh, Gujarat and Andhra Pradesh are the other three states that attracted substantial number of proposals.
In 2010 1520 projects entailing a total investment of Rs 167581 crore got commissioned while 666 projects involving an estimated investment of Rs 173998 crore were shelved.