Assam ranks fourth in implementation: ASSOCHAM
Source:The Assam Tribune,4th Sept 2013.
GUWAHATI, Sept 3 – Assam has the fourth highest rate among all States with regard to implementation of investment projects, even as the much-hyped State of Gujarat came at the bottom of the table, according to an analysis of investments carried out by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).ASSOCHAM said in a press release that Assam has recorded the fourth highest rate of implementation of investments at 72 per cent. “With over 82 per cent of investment projects under implementation, Haryana has recorded the highest rate of implementation of investments among industrialized States throughout India. Jammu and Kashmir (81.4 per cent), Punjab (79 per cent), Assam (72 per cent) and Chhattisgarh (69 per cent) are among the top five States that are currently witnessing a high rate of implementation of investments, according to the ASSOCHAM analysis,” the statement said.It said that investments worth over Rs 69.5 lakh crore or about 57 per cent of the total investments of over Rs 122 lakh crore attracted from various public and private sources are under implementation stage as on March 2013. The study said that inadequate addressal of project induced displacement, failure of implementation of resettlement and rehabilitation (R&R) policies, environmental clearances, bureaucratic delays, lack of clear-cut policies, among other factors, have contributed to lower implementation rates of investment projects in India.
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