Orissa is the top investment destination state as per the CAPEX database
Investment ranking September 7th. 2008, 10:25pmFollowing is an excerpt from a report in the Statesman.
The CapEx database of The Centre for Monitoring Indian Economy, which provides project-wise information of new and ongoing capital expenditure projects in the country, has ranked the state first in terms of value of total envisaged projects for the period ending December 2007.
With an estimated investment of Rs 59,9181 crore the state ranks ahead of Maharashtra, Gujarat, Andhra Pradesh and West Bengal.
The state also ranks first in terms of value of total projects under implementation in the country at Rs 308,589 crore. The other top ranking states in this category are Gujarat, Maharashtra, Karnataka and Haryana.
Orissa also holds the number one position in the country in terms of value of total envisaged projects since the last three years.
At present there are 483 projects being carried out in the state out of which 52 per cent are under implementation stage while 48 per cent are in the announced stage.
The investment projects in the state include sectors like aluminium, airport, mining, port, power, steel, railway, road and tourism. In the manufacturing sector aluminium, ferro-alloys, steel and refinery are the main sectors attracting investments. Electricity sector has also attracted major investments.
Following is an excerpt from a report in Economic Times.
While the volume of envisaged projects in Orissa was Rs 5,99,181 crore, ahead of many developed provinces including Maharashtra and Gujarat, the state also tops the list of places in terms of prorject implementation.
Stating that majority of investment proposals came in aluminium, air port, mines, port, energy, steel, railway and tourism, the state government claimed that Orissa also led the states in project implementation. About Rs 3,08,589 crore investment was being implemnted in the state.
"The state continues to top the list of project implementation in 2005, 2006 and 2007," an official said quoting the study report of Capex Database Centre.
He pointed out that as much as Rs 5,99,181 crore investment was proposed in 483 projects of which 52 per cent (rs 3,08,589 crore) were in implemntation stage.
However, the official said that rest 42 per cent which amounted Rs 2,90,592 were in announced stage.
The state government also claimed that a large number of investors were in queue for putting their money in power sector.