April 3, 2014 8:27 PM

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Assocham: Maharashtra replaces Gujarat as top investment destination

Maharashtra has emerged as the number one investment destination in the country replacing Gujarat.An analysis by the industry group Assocham shows that Maharashtra attracted cumulative investment proposals of 14 lakh 73 thousand 466 crore rupees as on December 2013, while Gujarat drew proposals worth 13 lakh 98 thousand 347 crore rupees.Maharashtra has become the hub for the service and electricity industries which together attracted investment over 67 thousand crore rupees in 2013. However, in comparison Gujarat attracted nearly 62 thousand crore rupees in the same year.The other three states that attracted the most investment proposals are Andhra Pradesh, Odisha and Karnataka.

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