The fresh investment during the month of November 2011 has grown significantly as compared to the previous month. A total of 597 new major start ups entailing consolidated investment of Rs 28,820 crore were announced across all the sectors as against 447 projects at an investment of Rs 6,596 crore in October 2011. The November recovery seen in projex (project expenditure) was mainly driven by the Manufacturing sector. The sector accounted for 222 major projects with a total investment of Rs 21,499 crore. It topped the investment chart by accounting for approximately 75 per cent of the entire projex. Within this sector, Automobiles & Basic Chemicals attracted good snumber of projects and fetched a combined investment of Rs 18,925 crore across 64 new projects. One of the big ticket project announced during October was a mega refinery by Amerind Petroleum at Atchutapuram in Andhra Pradesh.
Top Five Manufacturing Projects:
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Amerind Petroleum's petroleum refinery with a capacity of 7.5 million tpa (Phase I) in Andhra Pradesh. Work on the project having a cost of Rs 12,000 crore is slated to commence by June 2012.
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Ford India's Rs 4,000 crore passenger cars unit with a capacity to manufacture 2.4 lakh vehicles per annum in Gujarat.
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K P R Chemical's Rs 2,500 crore sulphuric acid project in Andhra Pradesh.
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Bosch Siemens Home Appliances India's home appliances unit at Tamil Nadu, which coming up at an investment of Rs 480 crore.
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HSIL's Rs 450 crore ceramic products unit in Gujarat. It will have a capacity of 12 lakh pieces per annum.
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Besides, the Manufacturing sector, Electricity & Irrigation sectors also saw positive growth during the month. In the Electricity sector, CVL Power Projects announced Rs 500 crore coal based power project with a generation capacity of 120 MW. On the Irrigation front, the Maharashtra Krishna Valley Development Corporation announced its intentions to take up Dudhaganga irrigation scheme at Kagal in Kolhapur district of Maharashtra at a cost of Rs 63 crore.
Services & Utilities (Infrastructure) sector, which generally accounts for bulk of the new projects, saw fall in the number of new projects. As against 282 new projects announced in October 2011, only 260 new projects were announced in November.
Top Five NHAI Projects announced during the month:
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Four laning of Goa/Karnataka Border-Kundapur section from existing 93.700 km to 283.300 km of NH-17 in Karnataka.
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Four laning with paved shoulders of Sultanpur-Varanasi section from 134.700 km to 279.700 km of NH-56 in Uttar Pradesh.
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Improvement of existing carriageway with widening and strengthening on Shahpura-Gulabpura section of NH-148D in length of 40 km in Rajasthan.
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Improvement of existing carriageway on Ladpura- Bhilwara section of NH-758 in length of 51 km in Rajasthan.
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Improvement of existing carriageway with widening and strengthening on Jaitaran-Lambia section of NH-458 in length of 24 km in Rajasthan.
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Among the states, Andhra Pradesh attracted the maximum investment of Rs 15,421 crore with 33 new start ups during November. In terms of investment, Andhra Pradesh is followed by Gujarat, Maharashtra, Uttar Pradesh and Tamil Nadu. However, ranked by number of new projects, Maharashtra was way ahead of other states with 149 projects.
On the ownership front, private sector dominated the investment chart by accounting for 81 per cent of the entire projex emanated in November 2011. Two mega investment intentions - one in the petroleum refinery sector and another in the automobiles sector - saw private sector investment zooming up in November. The 7.5 million tpa mega refinery is being proposed by Amerind Petroleum in Andhra Pradesh and the Rs 4,000 crore passenger car project is being set up by Ford India in Gujarat.
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