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The top 10 states favoured by India Inc

Last updated on: August 13, 2013 14:37 IST

The top 10 states favoured by India Inc

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If you think of states that are attractive business destinations, names such as Maharashtra, Delhi and Gujarat may come to your mind.

However, if you look at states that saw the maximum registration of new companies, none of these three top the chart. The state that occupies the No. 1 position may surprise you.

Let’s look at the states that saw the highest new company registration in 2011-12, according Ministry of Corporate Affairs.

Haryana

Rank: 10

Total registration of new private companies: 2,811

Total authorised capital of these companies: Rs 1,177.55 crore

Total number of functional companies: 12,256

The economy of Haryana relies on manufacturing, outsourcing, agriculture, and retail.

Thanks to Gurgaon, Haryana has seen emergence of an active information technology industry in the recent years.

A number of large international companies have their offices in Gurgaon including Nokia Siemens Networks, Mitsubishi Electric, General Electric, IBM, Huawei, and Tata Consultancy Services.

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Image: Labourers sit near a stall of sculptures at the Surajkund Crafts Fair in the northern Indian state of Haryana.
Photographs: Vijay Mathur/Reuters

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Rajasthan

Rank: 9

Total registration of new private companies: 3,596

Total authorised capital of these companies: Rs 391.71 crore

Total number of functional companies: 29,321

Rajasthan's economy is primarily agricultural and the state is among the biggest producers of edible oils in the country.

The main industries in the state are mineral based, agriculture based, and textiles. Several prominent chemical and engineering companies are also located in the city of Kota and the state is also the second largest source of cement in India.

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Image: Camels are silhouetted against the setting sun over the Thar Desert at Sam village on the outskirts of Jaisalmer in the desert Indian state of Rajasthan.
Photographs: Krishnendu Halder/Reuters

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Gujarat

Rank: 8

Total registration of new private companies: 4,673

Total authorised capital of these companies: Rs 1,615.69 crore

Total number of functional companies: 43,799

World’s largest grass-roots refinery is here and so is the world's largest shipbreaking yard.

Gujarat has recently recorded the highest agricultural growth rate in 10 years. In 2010, Forbes list of the world's fastest growing cities included Ahmedabad at number 3 after Chengdu and Chongqing from China.

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Image: A February 2003 photo of the Reliance Industries Limited petrochemical plant at Jamnagar in western India.
Photographs: Reuters

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Uttar Pradesh

Rank: 7

Total registration of new private companies: 5,171

Total authorised capital of these companies: Rs 650.53 crore

Total number of functional companies: 29,012

Agriculture is the leading occupation in Uttar Pradesh. Wheat is the state's principal crop and sugarcane is the main commercial crop. About 70 per cent of India's sugar comes from Uttar Pradesh.

The state is home to a number of major locomotive plants. Major manufacturing products include engineering products, electronics, electrical equipment, cables, steel, leather, textiles, jewellery, frigates, automobiles, railway coaches, and wagons are located here.

More small-scale industrial units are situated in Uttar Pradesh than in any other state, with 12 per cent of over 2.3 million units.

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Image: Newly recruited employees attend a training session inside Tech Mahindra office building in Noida.
Photographs: Adnan Abidi/Reuters

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Karnataka

Rank: 6

Total registration of new private companies: 5,247

Total authorised capital of these companies: Rs 1,374.94 crore

Total number of functional companies: 40,388

Bangalore is known as the IT hub of the country and the state is the manufacturing hub for some of the largest public sector industries in India, including Hindustan Aeronautics Limited, National Aerospace Laboratories, Bharat Heavy Electricals Limited, Bharat Earth Movers Limited and HMT.

Karnataka also leads the nation in biotechnology. It is home to India's largest biocluster with majority of the country's biotechnology firms located here.

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Image: Employees of Indian software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore.
Photographs: Vivek Prakash/Reuters

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Andhra Pradesh

Rank: 5

Total registration of new private companies: 6,208

Total authorised capital of these companies: Rs 1120.18 crore

Total number of functional companies: 47,327

Andhra ranked fifth most industrially developed states in India and ranks second in terms of mineral wealth. The state also has about one third of India's limestone reserves.

After Karnataka, Andhra Pradesh had been in the top list of information technology exporting states.

Key sectors include, biopharmaceuticals, power, automobile, tourism, textiles, retail, leather, mining and religious tourism.

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Image: Microsoft Hyderabad Campus.
Photographs: Courtesy, Microsoft

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Tamil Nadu

Rank: 4

Total registration of new private companies: 6,211

Total authorised capital of these companies: Rs 2,102.30 crore

Total number of functional companies: 55,632

Tamil Nadu is the second largest contributor to India's GDP and is the second most industrialised state in the country.

It ranks third in foreign direct investment (FDI) approvals, next only to Maharashtra and Delhi.

Government is the major investor in the state with over 50 per cent of total investments, followed by private Indian investors and foreign private investors.

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Image: A woman walks past a portrait of J. Jayalalithaa, Chief Minister of the southern Indian state of Tamil Nadu.
Photographs: Babu Babu/Reuters

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Maharashtra

Rank: 3

Total registration of new private companies: 16,217

Total authorised capital of these companies: Rs 6,371.26 crore

Total number of functional companies: 158,812

Maharashtra has three of fifteen most important cities of India. These include Mumbai, Pune and Nagpur. Over 41 per cent of the CNX 500 conglomerates have corporate offices in Maharashtra.

Maharashtra is India's leading industrial state contributing 15 per cent of national industrial output and over 40 per cent of India's national revenue.

Major industries in Maharashtra include chemical and allied products, electrical and non-electrical machinery, textiles, petroleum and allied products.

It is also the financial capital of the country and second largest exporter of software products.

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Image: Mumbai skyline.
Photographs: Punit Paranjpe/Reuters

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Delhi

Rank: 2

Total registration of new private companies: 16316

Total authorised capital of these companies: Rs 4,260.80 crore

Total number of functional companies: 159,299

Delhi is the largest commercial centre in northern India.

Key service industries are information technology, telecommunications, hotels, banking, media and tourism.

Construction, power, health and community services, and real estate are also important to the city's economy.

Delhi has one of India's largest and fastest growing retail industries.

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Image: A picture taken from the window of passenger airplane shows traffic on a road in New Delhi.
Photographs: Fayaz Kabli/Reuters
Tags: India

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West Bengal

Rank: 1

Total registration of new private companies: 16,477

Total authorised capital of these companies: Rs 1826.21 crore

Total number of functional companies: 121,146

Though agriculture is the leading occupation, service industries have been the largest contributor to the gross domestic product of the state.

The key industries of the state include engineering products, electronics, electrical equipment, cables, steel, leather, textiles, jewellery, frigates, automobiles, railway coaches, and wagon.

The state has promoted foreign direct investment, which has mostly come in the software and electronics fields.

Nasscom–Gartner ranks West Bengal power infrastructure the best in the country.

Notably, many corporate companies are now headquartered in Kolkata include ITC Limited, India Government Mint, Kolkata, Haldia Petrochemicals, Exide Industries, Hindustan Motors, Britannia Industries, Bata India, Birla Corporation, CESC Limited, Coal India Limited, Damodar Valley Corporation, PwC India, Peerless Group, United Bank of India, UCO Bank and Allahabad Bank.


Image: A passenger boat moves along the Hooghly river after passing under the Howrah bridge during a monsoon shower in the eastern Indian city of Kolkata.
Photographs: Reuters

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