Odisha becomes No. 2 State in Private Investment

TNI Bureau: Odisha has become a favourite destination for the investors as it stood second in the private sector investment beating Maharashtra. However, Narendra Modi-led Gujarat occupied the top position in the list.

With a share of about 10.7 percent, Odisha ranks third in total outstanding private sector investments, including both domestic and foreign private sectors, across India, as of June 2012, the Associated Chambers of Commerce and Industry of India said in a statement.

Gujarat stood first with a share of 12.5 per cent ahead of Odisha and Maharashtra (8.9 per cent), Andhra Pradesh (8.4 per cent) and Karnataka (7.2 per cent). However, Kerala, Himachal Pradesh, Jammu and Kashmir, Uttarakhand and Assam have the least share in India’s total private sector investments.

“Flow of the private investments is decided by the attractiveness of investment opportunities as they are mostly driven by profitability considerations,” said D.S. Rawat, national secretary general of ASSOCHAM while releasing the analysis.

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