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During May 2012, fresh project investment eroded to 42 per cent as against the investment intentions announced in April 2012. A total of 606 start-ups were announced during the month with a cumulative investment of Rs. 37,752 crore while in April 2012, there were 665 new start-ups worth Rs. 53,498 crore announced. Fall in the investment during the month can be attributed to absence of Mega projects.
In all, there were few projects that had over Rs. 1,000 crore investment outlined. The projects include;
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Posco Maharashtra Steel's Rs. 7,650 crore proposed cold rolled steel unit with a capacity of two million tpa in Raigarh district of Maharashtra.
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NMDC's Rs. 2,200 crore four million tpa iron ore pelletisation unit in Visakhapatnam district of Andhra Pradesh.
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The NHAI's Gadu-Dwarka & Dwarka-Okha road upgradation project at a cost of Rs. 1,796 crore.
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Shri Bajrang Power & Ispat's Rs. 1,500 crore plan to set up a steel unit in Vijayanagaram district of Andhra Pradesh.
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Among the sectors, Services & Utilities accounted for 46 per cent share in the total investment announced during the month. The sector attracted 494 fresh projects worth Rs. 17,667 crore. The Roadways and Railways were the major contributors with Rs. 5,662 crore and Rs. 5,091 crore investments respectively. In the Roadways sector, PWD, Chhattisgarh will take up 15 road upgradation projects worth Rs. 548.46 crore. South Central Railway's Rs. 1,054.35 crore Kazipet-Vijaywada Third DL Railway Line project was one of the notable projects in the Railways sector.
The Manufacturing sector managed to attract 81 start ups entailing total investment of Rs. 14,090 crore. In the subsector, the Automobile sector saw 11 projects worth Rs. 1,835 crore being announced. Two-Wheeler major, Bajaj Auto plans to set up a 3.6 lakh numbers per annum facility at Waluj in Aurangabad district of Maharashtra. Toyota Kirloskar Motor is expanding its passenger cars unit capacity from 0.7 lakh numbers per annum to 1.2 lakh numbers per annum at Bidadi in Bangalore.
Close on heels of the Manufacturing sector was the Electricity sector with 22 projects, securing investment worth Rs. 3,595 crore. A notable new project seen in this sector was Welspun Group's Rs. 1,250 crore solar photovoltaic power project with a capacity of 125 MWp which would be set up either at Mandsaur or Neemuch district of Malwa region in Madhya Pradesh.
The Mining sector attracted six projects worth Rs. 2,384 crore. Madras Cements plans to ramp up limestone mining capacity from 1 million tpa to 1.5 million tpa at Reddipalayam village and from 0.5 million tpa to 1 million tpa at Pudupalayam village in Ariyalur district of Tamil Nadu.
Among the states, Maharashtra was the most preferred destination of project investors. The state topped the chart on both fronts (number of projects & investment). The 126 new projects Maharashtra attracted is expected to bring in total projex of Rs. 11,136 crore. The state was followed by Andhra Pradesh, Gujarat and Chhattisgarh in the investment chart.
Around 421 projects worth Rs. 18,476 crore were announced by the government sector, majority of which (280 projects) are owned by the state government agencies. However, in the private sector, domestic companies dominated the chart with the combined investment of Rs. 10,420 crore across 178 new projects. The private sector including foreign companies came up with 185 projects worth Rs. 19,276 crore during the month and accounted for around 51 per cent of the total monthly fresh investment.
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