{"id":3888,"date":"2010-08-16T01:04:20","date_gmt":"2010-08-16T05:04:20","guid":{"rendered":"http:\/\/www.orissalinks.com\/orissagrowth\/?p=3888"},"modified":"2010-08-16T01:04:20","modified_gmt":"2010-08-16T05:04:20","slug":"rbi-study-on-corporate-investment-puts-odisha-as-the-most-preferred-investment-destination-in-fy-2010","status":"publish","type":"post","link":"https:\/\/www.orissalinks.com\/orissagrowth\/archives\/3888","title":{"rendered":"RBI study on corporate investment puts Odisha as the most preferred investment destination in FY 2010"},"content":{"rendered":"<p>Following is an excerpt from <a href=\"http:\/\/economictimes.indiatimes.com\/Finance\/articleshow\/6308171.cms\" target=\"_self\">a report in Economic Times<\/a>.<\/p>\n<blockquote>\n<p><span style=\"border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;\" class=\"Apple-style-span\"><span style=\"font-family: Arial,Helvetica,sans-serif; font-size: 12px; text-align: justify;\" class=\"Apple-style-span\">Maharashtra and Gujarat seem to have lost their status of the most preferred destination for investment. While Orissa, &#8230; has grabbed maximum amount of investments in FY10, thanks largely to capital intensive mining projects coming up in the state.<span class=\"Apple-converted-space\">&nbsp;<\/span><\/p>\n<p>A Reserve Bank of India (RBI) study on corporate investment, which studied 796 projects in FY10 which involved bank\/FI fundings, Orissa attracted highest investments of `74,757 crore in 31 projects, accounting for 13.4% of total investment intentions during the year. Maharashtra was a distant second with investments worth about `49,480 crore in 124 projects. Gujarat which used to be a top investment destination earlier, managed to attract only `16,572 crore in 72 projects during FY10 compared with `59,887 crore in 77 projects in the previous year. The other top investment destination during the year were Andhra Pradesh and Chhattisgarh.<span class=\"Apple-converted-space\">&nbsp;<\/span><\/p>\n<p>&ldquo;Much of these investments are in mining projects that are coming up in the state, as the state has opened up this sector and a number of hurdles are also being addressed. these are typically very high value projects. This could result in investment in projects already cleared picking up,&rdquo; said an economist with a large corporate house requesting anonymity. More recently, among the large high value projects that have taken off in the state are in the mining sector like Hindalco&rsquo;s alumina project and Vedanta&rsquo;s bauxite mining project.<span class=\"Apple-converted-space\">&nbsp;<\/span><\/p>\n<p>The RBI has noted that the location of high value projects tends to change the spatial pattern considerably from year to year. The location, in turn, depends on a host of other factors like the nature of the project, market size, growth prospects, availability of skilled labour, suppliers&rsquo; adequate infrastructure etc, it said.<span class=\"Apple-converted-space\"> <\/span><br \/>\n<\/span><\/span><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Following is an excerpt from a report in Economic Times. Maharashtra and Gujarat seem to have lost their status of the most preferred destination for investment. While Orissa, &#8230; has grabbed maximum amount of investments in FY10, thanks largely to capital intensive mining projects coming up in the state.&nbsp; A Reserve Bank of India (RBI) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[711],"tags":[],"class_list":["post-3888","post","type-post","status-publish","format-standard","hentry","category-investment-ranking"],"_links":{"self":[{"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/posts\/3888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/comments?post=3888"}],"version-history":[{"count":0,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/posts\/3888\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/media?parent=3888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/categories?post=3888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/tags?post=3888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}