Maharashtra has emerged as the number one investment destination in the country replacing Gujarat, according to an Assocham report. Maharashtra attracted cumulative investment proposals of Rs.14,73,466 crore as on December 2013, while Gujarat drew proposals worth Rs.13,98,347 crore, an analysis by the industry group showed.
The reason behind Maharashtra overtaking Gujarat is the state's focus on development of industrial centers in tier-II and tier-III cities, making it the preferred choice of investments, especially for the Indian and global service sector industries, it said.
Maharashtra has become the hub for the service and electricity industries which together attracted investment over Rs.67,000 crore in 2013. However, incomparison Gujarat attracted Rs.62,000 crore in the same year, the study observed
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