Karnataka second top investment destination after Gujarat: ASSOCHAM

Karnataka is next investment destination in the country after Gujarat with 1,528 projects worth Rs 9.1 lakh crore underway, according to industry body ASSOCHAM.
    
In Gujarat, 1,455 projects worth Rs 13.35 lakh crore are underway, ASSOCHAM officials said.
Nearly 44 per cent of the 1,528 projects in Karnataka are in manufacturing sector followed by 22.4 per cent in services, 15 per cent in power and about 14 per cent in real estate.

The study was jointly released by ASSOCHAM President Dilip Modi, Co-Chairman of ASSOCHAM Southern Regional Chapter, J Crasta and ASSOCHAM's Secretary General, D S Rawat.

Investment flows into manufacturing sector marked a 107.8 per cent jump during 2010 compared to the previous year while those in services sector registered a healthy growth of 76.5 per cent.

Investments in real estate and irrigation sectors witnessed 30.2 per cent and 19.3 per cent, respectively.

"We appreciate the efforts made by current leadership to realise the growth potential", Modi said. "ASSOCHAM believes that Karnataka needs to build further on its present strength".