Mumbai: Though an investment of Rs 15 lakh crore was announced in the manufacturing sector across India, projects with investments worth just Rs 1.6 lakh crore i.e. a meagre 11 per cent of total investments have actually been recorded as of September 2015, according to a study by apex industry body Assocham.
The study titled ‘Impact analysis of delay in investment implementation in manufacturing,’ said, “Manufacturing sector in India attracted live investments worth about Rs 33 lakh crore or about one-fifth of the total live investments worth over Rs 164 lakh crore was attracted by various sectors across India as of September 2015.”
“Considering that long delays in projects’ implementation hurts investors’, the government needs to have a strong plan to prioritise speeding up stuck projects’ effective implementation by creating a target-oriented roadmap,” said D.S. Rawat, secretary general.
