In around two and a half decades, just around 45% of industrial proposals have been commissioned.
The BJP-Shiv Sena-led Maharashtra government claims to have attracted Rs7.94 lakh crore worth of investments in the recent Make in India week. But the Economic Survey of Maharashtra 2015-16, which was tabled in the state legislature on Thursday, underlines the reality behind these figures — only a few of these projects make it from the proposal or drawing board stage to actual commissioning on the ground.
In around two and a half decades, just around 45% of industrial proposals have been commissioned.
"Since August, 1991 to October, 2015, in all 19,053 industrial proposals with an investment of Rs10,97,337 crore were approved. Of these, 8,497 projects (44.6%) with an investment of Rs2,62,631 crore (23.9%) with proposed employment of 11.24 lakh were commissioned and 2,108 projects with an investment of Rs87,701 crore and proposed employment of 3.98 lakh people are under execution," it noted.
"The total investment in commissioned projects was Rs2,62,631 crore, of which the share of investment of the IT industry (20.7%) was the highest, followed by metallurgical (14%), fuel (10.7%), transportation (9.4%) and chemical and chemical fertilisers (8.5%). These five industries together accounted for 63.3% of total investment," the survey added.
During the Make in India week, 2,594 MoUs with a proposed investment of Rs7,94,057 crore and expected employment of 30.9 lakh were inked by the state. Of these, the energy sector has attracted proposals with the highest investment of Rs 2,30,627 crore (29%), followed by manufacturing with Rs1,65,909 crore (20.9%).
"Of the total proposals received in the country, the state's share in the number of proposals and investment is about 18% and 10% respectively. During 2014-15, in all 279 projects with an investment of Rs45,010 crore with proposed employment of 0.7 lakh people were approved. During 2015-16, up to October, 218 projects with an investment of Rs18,759 crore were approved. Of these, 16 projects with an investment of Rs1,069 crore were commissioned," the survey said.
The IT industry has attracted 453 proposals with the highest investment of Rs3,86,711 crore (35.2%), followed by the fuel industry with an investment of Rs1,42,839 crore (13%). These two industries accounted for almost 50% of the total approved investment.
During 2005 to October 31, 2015, the state has approved 454 mega projects with an investment of Rs3,54,680 crore and proposed employment of about 3.88 lakh by issuing offer letters. Of these, 137 projects with an investment of Rs53,018 crore and proposed employment of 0.84 lakh were issued eligibility certificates.
"Maharashtra is one of the most industrialised states in the country," the survey said, adding that the state has identified industrial sectors like auto, engineering, electronics, textile and defence as focus sectors considering national and international trends and the potential of the resources in Maharashtra.
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