Mumbai: There is a glimmer of hope of investments picking up as the January-June 2016 figures released by the department of industrial policy and promotion (DIPP) show a 13 per cent rise in proposed investments and an 18.7 per cent jump in the number of investment proposals. In terms of value the 1,206 proposals amount to Rs 1,176,739 crore which is higher than the 1,018 proposals worth Rs 1,74,544 crore for the same period in 2015.
The jobs expected to be generated are 37.3 per cent higher against the same period last year. These proposals include those under Industrial Entrepreneur Memorandum, Letter of intent and Direct Industrial Licensing, according to Madan Sabnavis, chief economist, CARE. The top five industries in 2016 accounted for 62 per cent of total proposals compared to 42 per cent in 2015.
The top five in 2016 were electrical equipment, textiles, food processing, transport equipment and fertilisers.
