Hyderabad: Telangana State is the frontrunner when it come to attracting pharmaceutical industries in the country.
According to the latest RBI report, the number of private sector projects set up in Telangana State has witnessed a five-fold increase from 10 per cent in 2015-16 to as much as 52 per cent in 2016-17, of which nearly 30 per cent comprise pharma companies.
The RBI study says that power sector projects occupied a major share in all states with the exception of Maharashtra and Tamil Nadu where the construction industry had a majority of projects with 54.3 per cent and 67 per cent, respectively.
“Other than power, industries with sizeable investments includes textiles and transport equipment in Gujarat, cement, roads and bridges in Karnataka and pharmaceutical and drugs in Telangana,” it said.
However, Gujarat accounted for the highest share (22.7 per cent) in 2016-17 in private investments followed by Maharashtra (8.6 per cent), Andhra Pradesh (8.2 per cent), Madhya Pradesh (7.4 per cent), Karnataka (6.6 per cent), Telangana (5.5 per cent) and Tamil Nadu (4.5 per cent).
Andhra Pradesh recorded a fall in its share from the previous year while Gujarat has gained. Five states accounted for 53.5 per cent of investments while the remaining 24 states and 7 Union Territories accounted for the 43.5 per cent.
