Orissa claims no 1 spot in investment
Orissa has claimed to have emerged as the country's number one state in terms of investment and envisaged projects.
By PTI |
BHUBANESWAR: Buoyed by a new study on its economy, Orissa has claimed to have emerged as the country's number one state in terms of investment and envisaged projects, official sources said on Sunday.
While the volume of envisaged projects in Orissa was Rs 5,99,181 crore, ahead of many developed provinces including Maharashtra and Gujarat, the state also tops the list of places in terms of prorject implementation.
Stating that majority of investment proposals came in aluminium, air port, mines, port, energy, steel, railway and tourism, the state government claimed that Orissa also led the states in project implementation. About Rs 3,08,589 crore investment was being implemnted in the state.
"The state continues to top the list of project implementation in 2005, 2006 and 2007," an official said quoting the study report of Capex Database Centre.
He pointed out that as much as Rs 5,99,181 crore investment was proposed in 483 projects of which 52 per cent (rs 3,08,589 crore) were in implemntation stage.
However, the official said that rest 42 per cent which amounted Rs 2,90,592 were in announced stage.
The state government also claimed that a large number of investors were in queue for putting their money in power sector.
While the volume of envisaged projects in Orissa was Rs 5,99,181 crore, ahead of many developed provinces including Maharashtra and Gujarat, the state also tops the list of places in terms of prorject implementation.
Stating that majority of investment proposals came in aluminium, air port, mines, port, energy, steel, railway and tourism, the state government claimed that Orissa also led the states in project implementation. About Rs 3,08,589 crore investment was being implemnted in the state.
"The state continues to top the list of project implementation in 2005, 2006 and 2007," an official said quoting the study report of Capex Database Centre.
He pointed out that as much as Rs 5,99,181 crore investment was proposed in 483 projects of which 52 per cent (rs 3,08,589 crore) were in implemntation stage.
However, the official said that rest 42 per cent which amounted Rs 2,90,592 were in announced stage.
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The state government also claimed that a large number of investors were in queue for putting their money in power sector.
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