{"id":5010,"date":"2011-06-23T14:49:10","date_gmt":"2011-06-23T18:49:10","guid":{"rendered":"http:\/\/www.orissalinks.com\/orissagrowth\/?p=5010"},"modified":"2011-06-23T14:49:10","modified_gmt":"2011-06-23T18:49:10","slug":"odisha-has-attracted-a-total-of-574-live-investment-projects-worth-rs-11-3-lakh-crore-as-of-december-2010-the-count-is-681-live-projects-as-of-today","status":"publish","type":"post","link":"https:\/\/www.orissalinks.com\/orissagrowth\/archives\/5010","title":{"rendered":"Odisha has attracted a total of 574 live investment projects worth Rs. 11.3 lakh crore as of December 2010; the count is 681 live projects as of today"},"content":{"rendered":"

Following is an excerpt from a report in Economic Times<\/a>.<\/p>\n

\n

Orissa has attracted a total of 574 live investment projects worth Rs. 11.3 lakh crore<\/span> as of December 2010, thus emerging as a lucrative investment destination. <\/p>\n

The investment is heavily loaded in favour of manufacturing, power, mining, services, irrigation and real estate sectors according to an independent study of the Associated Chambers of Commerce and Industry of India ASSOCHAM.
\nThe study titled ‘ASSOCHAM Strategy: Sustaining Growth Momentum in Odisha’  …<\/p>\n

"Registering a growth of over 19% year-on-year basis, Orissa has attracted 72 fresh live investment projects notching over Rs. 1.8 lakh crore as of December 2010 as against a total of 502 live investment projects worth Rs. 9.5 lakh crore as on December 2009," Mr Khaitan said. <\/p>\n

Manufacturing sector has garnered lion’s share with almost 40 per cent in total investments, followed by power (37.8 per cent), mining (14.5 per cent), services (6.9 per cent) whereas, irrigation and realty sector have garnered a moderate share of 0.6 and 0.4 per cent respectively, according to the study. <\/p>\n

Interestingly, while 51% of these live investment projects were in announcement stage, 45.9% of total outstanding investments were actually being implemented and only three per cent of aggregate investment projects were stalled due to obstructions, cancellations market policy, environmental clearances, land acquisition policy etc. <\/p>\n

"Orissa has attracted almost 10% of total investments by both government and private sectors as on March 2010 attracting over Rs. 9.8 lakh crore out of total investment worth Rs. 105 lakh crore across India," Mr Dhoot added. <\/p>\n

"Orissa accounted for merely 6% of total investments undertaken by various government agencies in India whereas; the state attracted around 12% of total investments by private sector across India. Besides, private sector accounted for over 70% of investments made in the state," Mr. Dhoot remarked. <\/p>\n

ASSOCHAM has called for leveraging public resources to access private resources which would provide an environment to take advantage of liberalized policies. <\/p>\n

"The state must restrict itself to the role of a regulator and a facilitator. Besides, public investments must be used for development of agri and allied sectors and development of secondary and tertiary sectors must be entirely left to private sector," Mr Rawat said. <\/p>\n

Stating that Orissa’s share in subsidy granted from Viability Gap Funding (VGF) is way below other states, the ASSOCHAM called the state government to make optimum use of VGF for infrastructural development. It suggested for formation of a separate department to obtain central government’s support for infrastructural development. The industry body also called the state government to set up a Rs. 10,000 crore infrastructure development fund jointly with the central government. <\/span><\/p>\n<\/blockquote>\n

Note that we mentioned in http:\/\/www.orissalinks.com\/orissagrowth\/archives\/5004<\/a> the site <\/span>http:\/\/www.business-beacon.com<\/a> where one can find out the up-to-date list of live projects. As per that list, as of today Odisha has 681 live projects.<\/span> But although that site gives the count of projects, it does not give free (not paid) access to find out the money amount.<\/p>\n

The following excerpt from a different article in Economic Times<\/a> illustrates the difference between the total number of projects  and the total amount for those projects.<\/p>\n

\n

Karnataka<\/span> ranks as number two top investment destination in the country after Gujarat with 1,528 projects worth Rs 9.1 lakh crore<\/span> underway, according to industry body ASSOCHAM.<\/span> <\/p>\n

In Gujarat, 1,455 projects worth Rs 13.35 lakh crore<\/span> are underway, ASSOCHAM officials said. <\/span> <\/p>\n

Nearly 44 per cent of the 1,528 projects in Karnataka are in manufacturing sector followed by 22.4 per cent in services, 15 per cent in power and about 14 per cent in real estate.<\/span>
\n<\/span><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Following is an excerpt from a report in Economic Times. Orissa has attracted a total of 574 live investment projects worth Rs. 11.3 lakh crore as of December 2010, thus emerging as a lucrative investment destination. The investment is heavily loaded in favour of manufacturing, power, mining, services, irrigation and real estate sectors according to […]<\/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-5010","post","type-post","status-publish","format-standard","hentry","category-investment-ranking"],"_links":{"self":[{"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/posts\/5010","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=5010"}],"version-history":[{"count":0,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/posts\/5010\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/media?parent=5010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/categories?post=5010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/tags?post=5010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}