Associated Chambers of Commerce and Industry of India (ASSOCHAM) report for Corporate Investments says Orissa stood second after Gujarat in top investment attracting states. As per the annual ASSOCHAM Investment Meter (AIM) Study report for Corporate Investments across States and Sectors, total investment plans of India Inc. increased significantly from Rs 13,80,099 crore in 2008 to Rs 15,94,203 crore in 2009; out of which Gujarat, Orissa and Andhra Pradesh carved out a majority share of 15.4 per cent, 12.6 per cent and 8.1 per cent respectively.
Among the top investment attracting states, Gujarat registered the highest share in domestic investment plans during the January to December period of 2009. The state witnessed Rs. 2,45,352 crore worth of investment plans. Helped by the investor friendly policies of the state government which led to a smooth relocation of the Tata Nano project, the state attracted majority of investment plans in the real estate, power and infrastructure sectors. Orissa stood at second position after Gujarat and recorded investment proposals worth Rs. 2,00,846 crore during the last year. The availability of rich mineral resources such as coal and iron ore along with cheap availability of manpower attracted massive investments in Orissa. Steel and power were among the sectors which attracted maximum investments in the state. Karnataka and Maharashtra stood at fourth and fifth position by attracting investment plans worth Rs. 1,06,092 crore and Rs. 91,824 crore respectively during 2009.
Source: http://www.orissadiary.com/
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