Published On:March 29 2014
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57% of investment in transport services in limbo: Study.
Over 57 per cent of investments worth about Rs. 13 lakh crore in projects related to transport services are in limbo out of the total outstanding investments worth over Rs. 22 lakh crore attracted by the sector across India as of December 2013, according to a just concluded analysis by industry body Assocham has revealed.
An official press note issued read: 'Investments lured by the transport services sector across top 20 states in India, on an average have been growing at a compounded annual growth rate (CAGR) of about 16 per cent during the course of past five years (2009-2013).'
The release said that Maharashtra topped with highest share of over 20 per cent in the total outstanding investments attracted by the transport services sector thereby clocking CAGR of about 17 per cent during the course of past five years 2009-2013, besides the state has also slightly improved its share from 19.8 per cent (2009) to 20.4 per cent (2013) during the aforesaid five-year period.
The states of Gujarat (8.9 per cent), Tamil Nadu (8.4 per cent), Uttar Pradesh and Andhra Pradesh (6.4 per cent each) are amid top five states in terms of share in total outstanding investments attracted by the transport services sector as of December 2013, noted the analysis undertaken by the ASSOCHAM Economic Research Bureau (AERB).