Hyderabad, September 15: Surpassing other states, Telangana topped to attract major investments than any other state. Also crossing the national average in attracting investments, Telangana declared the Associated Chamber of Commerce and Industry (ASSOCHAM).
It said that this phenomenal growth is possible due to investor friendly policies of the Telangana State government. In 2011-12 financial year, Rs 3.3 Lakh Crore worth investments have come to the State from abroad and within the country, it went up to Rs 5.9 Lakh Crore in the financial 2016-17.
ASSOCHAM National General Secretary DS Rawat and Senior Managing Committee Member Babu Lal Jain issued a press release on the summary of the study conducted their organisation. In the five-year duration in the investments sector, the national average growth rate is 27 % while it is 79% in the Telangana State, the press release stated.
In 2011-12, the region attracted investments worth Rs 3.30 lakh-crore from domestic and foreign sources, which went up to Rs 5.90 lakh-crore by 2016-17, The study, ‘Telangana: Analysis of economic growth and investment performance’, stated that “Economy grew from 2.7% in FY12 to 8.5% in FY17. The all-India average growth increased from 5.4% to 6.%,” the study said.