9.85 lakh crore Bangalore, Feb 13 (PTI) Karnataka has emerged as the fifth most lucrative investment destination attracting investment proposals worth Rs.9.85 lakh crore at the end of 2011, industry body ASSOCHAM said today. Karnataka has clocked a share of about 8.18 per cent in the total live investments worth Rs. 120.34 lakh crore at the end of the year, according to The Associated Chamber of Commerce and Industry of India (ASSOCHAM). "Out of the 20 industrial states, Gujarat, Maharashtra, Andhra Pradesh, Odisha and Karnataka have clearly emerged as the preferred investment destinations by attracting 53.56 per cent of the total live investments," said D S Rawat, national secretary general of ASSOCHAM. Out of the total investment proposals Karnataka attracted 38.9 per cent in manufacturing, 24.6 per cent in services, 15.2 per cent in real estate, 5.6 per cent in irrigation and 1.5 per cent in mining. Gujarat with 16.28 lakh crore has emerged as the most preferred investment destination followed by Maharashtra Rs.14.14 lakh crore, Andhra Pradesh Rs.12.09 lakh crore, Odisha Rs. 12.09 lakh crore, Karnataka Rs. 9.85 lakh crore and the remaining 15 states attracted total investment proposals worth Rs. 55.89 lakh crore. MORE
