With Rs 15L cr in 5 years, Maharashtra pips Gujarat in investments

Maharashtra has toppled Gujarat as the most-sought after destination for global and domestic investors. The home state of Prime Minister Narendra Modi registered the least growth of just over 2% in investment among the top 21 states across India in the past five years, revealed a report of the Associated Chambers of Commerce and Industry of India (Assocham) published recently.

According to the report, Maharashtra, Gujarat and Odisha have emerged as the most lucrative investment destinations. They together account for over one-fourth (26.6%) of the total outstanding investments worth over Rs 154 lakh crore attracted by various sectors from both public and private sources across 21 states as of December 2014, which grew from Rs 105 lakh crore as of December 2009.

Read More