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Odisha tops with 17 % live investments in manufacturing sector

Sat, 26th Mar 2016 (Source:The Hindu)

Industry body ASSOCHAM on Friday said Odisha secured top position accounting highest share in total live investments attracted by manufacturing sector in India which is worth Rs.33 lakh crore.

“Odisha has 17 per cent share in total live investment. Gujarat has ranked second in terms of share in total outstanding investments attracted by manufacturing sector followed by Karnataka (11 per cent), Jharkhand (nine per cent) and Chhattisgarh (seven per cent),” noted the study titled ‘Impact analysis of delay in investment implementation in manufacturing,’ conducted by the industry body.

According to ASSOCHAM, the manufacturing sector in India attracted live investments worth about Rs.33 lakh crore, about one-fifth of the total live investments worth over Rs.164 lakh crore attracted by various sectors across India as of September 2015.

“Metal and metal products alone accounted for almost half (48 per cent) of the total live investments attracted by manufacturing sector in India followed by chemicals and chemical products (24 per cent), machinery (8 per cent), transport equipment (7 per cent), construction material (7 per cent), food and agro based products (three per cent),” the reported noted.

“In Odisha, metal and metal products have acquired over 79 per cent share in total investments attracted by manufacturing sector followed by chemical and chemical products (15 per cent), transport equipment (3 per cent), construction material (one per cent),” it pointed out.

However in Odisha, about 39 per cent of manufacturing sector projects have remained under implementation as of September 2015. Delayed projects facing cost escalation have maximum share of 31 % in Odisha followed by Karnataka, Rajasthan and Jharkhand.

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