Maharashtra accounted for 15 per cent of all institutionally assisted projects during 2011-12 to 2015-16. This was the largest among all Indian states, showed data from the Reserve Bank of India (RBI).
In the previous four year period of 2006-07 to 2010-11, Maharashtra’s share was 11 per cent, second only to Gujarat.
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Institutionally assisted projects are those which have received funding from banks and financial institutions. During 2011-12 to 2015-16, over 50 per cent of aggregate project spending happened in Maharashtra, Odisha, Gujarat, Andhra Pradesh and Karnataka. The share of multi-state projects was eight per cent, 10 percentage points lower than the 18 per cent recorded during 2006-07 to 2010-11. The multi-state projects are those which have been distributed over a number of states.
In 2015-16, Andhra Pradesh, Gujarat, Maharashtra, Tamil Nadu, Karnataka and Madhya Pradesh together accounted for 64.6 per cent of institutionally assisted projects. Power projects dominated in all these states except in Maharashtra where expansion and modernisation of ports and airports topped the list.
Transport-equipment projects were also primarily taken up in Maharashtra. The location of the projects changes from year to year depending on various factors, such as accessibility of raw materials, nature of project, availability of skilled labour, adequate infrastructure, market size, growth prospects, suppliers and demand for the products, said the RBI study.