Orissa number three investment destination behind Gujarat and Maharastra
Investment ranking August 15th. 2008, 11:31pmFollowing is from a report in Economic Times.
Gujarat is still on top of the heap when to comes to the list of most attractive investment destinations in the country.
The state attracted maximum project investments in 2007-08, followed by Maharashtra, Orissa and Andhra Pradesh, according to a study by the Reserve Bank of India on projects funded by banks and financial institutions. At the same time, the overall investments in the country are expected to moderate in 2008-09.
With a proposed investment of Rs 62,442 crore from 100 projects, Gujarat continued to occupy the top spot as far as investment intention is concerned.
Of the total investment intentions in 2007-08, the state accounted for 22% of the total proposals for the year, though the share dipped from the previous year’s share of 25.8%.
Maharashtra, which ranked second, had a share of 12.7%, envisaging investments worth Rs 36,202 crore. Orissa was third with 10.9% share, accounting for investments worth Rs 30,913 crore, followed by Andhra Pradesh (8.5%), Chhattisgarh (6.2%), Tamil Nadu (5.6%), Karnataka (3.7%), Uttar Pradesh (3.5%) and the rest sharing less than 3% each.
The study involves 910 projects that were sanctioned assistance by banks and financial institutions in 2007-08 with an aggregated envisaged project cost of Rs 2,84,371 crore.
September 7th, 2008 at 4:39 pm
This is interesting news:
According to the above Times of India article, Odisha Government claims that the state is No. 1 is investments, even ahead of Gujarat and Maharashtra. Odisha’s total investment is Rs 5,99,181 crore!
Further, the investment seems to be diverse, not entirely mineral based: aluminium, airport, mines, port, energy, steel, railway and tourism.
September 7th, 2008 at 4:44 pm
Speaking of investments, now that India got the clearance for international nuclear commerce from the NSG, Orissa is going to be home to one of the four coastal mega nuclear parks planned by DAE. Each cluster will generate a whopping 8,000 MW of electricity, although initially it will be 2,000 MW.