New investment projects hit nadir

Fresh investments by the manufacturing sector in India plummeted to all-time lows in the December 2013 quarter, data released by the Centre for Monitoring Indian Economy (CMIE) showed. With just 69 new projects worth Rs 59,615 crore announced, the manufacturing sector is languishing, though in value terms, the new investments are slightly better than the September 2013 quarter announcement of Rs 28,868 crore across 71 projects.

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