Nilachakra

Orissa Tops in investment and implementation

Jaya Jagannath,

A Good News :

Orissa continues to top the list of project investment (Rs 5,99,181 crores ) and implementation (Rs 3,08,589 crores ) from 2005, 2006 and 2007. Orissa has emerged as the country's No. 1 state in terms of the total amount of investment committed and implemented too.

While the volume of envisaged projects in Orissa was Rs 5,99,181 crore, much ahead of many developed provinces, including Maharashtra and Gujarat, the state also tops the list of places in terms of project implementation. Majority of investment proposals came in Aluminum, airport, mines, port, energy, steel, railway and tourism.

Orissa also led the states in project implementation as about Rs 3,08,589 crore investment was being implemented in the state. As much as Rs 5,99,181 crore investment was proposed in 483 projects, of which 52 per cent (Rs 3,08,589 crore) is in implementation stage.

However, the rest 48 per cent, which amounted Rs 2,90,592 crore, was in announced stage. Above this a large number of investors are also in queue for putting their money in power sector.?

News extracted from here

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