Andhra Pradesh is back on track

According to a recent survey conducted by Associated Chambers of Commerce and Industry (Assocham), Andhra Pradesh stood at third position among 20 industrial states in the country. Gujarat and Maharashtra occupied the first and second spot, while Orissa and Karnataka settled with fourth and fifth position.

The Top 5 states attracted an investment proposals worth Rs 120.34 lakh crore till 2011 end, which is 53.56% share of the total investments in the country.

Gujarat attracted investments worth 16.28 lakh crore, Maharashtra – 14.14 lakh crore, Andhra Pradesh – 12.09 lakh crore, Orissa – 12.09 lakh crore and Karnataka – 9.85 lakh crore.

Andhra Pradesh has attracted an investments worth Rs 12.09 lakh crore, While the power sector holds a share 32.5%, manufacturing sector stood at second spot with 21.7% share and IT sector settled with 19.8%, both irrigation and real estate sectors holds a share of 11.6% and the Mining sector with 2.8%.

Out of the 189 business process outsourcing companies in the world, 49 were in India. Bangalore tops the list with 11 companies and Hyderabad comes second with 9.

AP attracted investment proposals more than Karnataka, which itself is an achievement. Seems like the state has recovered soon from the loss it incurred due to the statehood agitations. Hope it regains the lost glory soon!