Thursday, 3 April 2014

Odisha rank fourth as most favourable investment destinantion of India

Bhubaneswar: Odisha's share decline in total investment of India. BJD riled state Odisha manage to finish in fourth place in terms of attracting most investment proposal during 2013. 
 According to a report published by ASSOCHAM, Maharatra top investment destination of the counrty. Maharastra topple Gujurat from number one position.

The study said the value of investment proposals in three of the top five destinations - Gujarat, Andhra Pradesh and Odisha - registered a decline.

The other three states that attracted the most investment proposals are Andhra Pradesh, Odisha and Karnataka and the top five states together accounted for 48.2% of the total of Rs 1,30,50,467 crore as on December 2013, according to the study.
Maharashtra attracted cumulative investment proposals of Rs 14,73,466 crore as on December 2013, while Gujarat drew proposals worth Rs 13,98,347 crore, an analysis by the industry group showed.
The remaining investment proposals worth a combined Rs 61,50,105 crore went to 15 other states.

Of the investment proposals, the highest amount was in electricity (36.5%), services (23.6%), manufacturing (23%), construction & (11.1%), irrigation (3%) and (2.8%).


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