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Odisha 3rd in attracting investments: ASSOCHAM

Odisha

Bhubaneswar: Odisha clinched the 3rd position with over seven percent share in total live investments worth over Rs 177 lakh crore attracted by different sectors from public and private sources across the country in the financial year 2017, according to a study conducted by the country’s apex industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM).

The report, released by Assocham President Sandeep Jajodia here, noted that Odisha secured over 900 projects with live investments worth over Rs 13 lakh crore out of a total of Rs 177 lakh crore.

Maharashtra tops the list, attracting investments equalling over an 11 per cent share, followed by Gujarat with 8.5 per cent share, the study showed.

The Assocham study titled ‘Odisha — Economic Growth and Investment Performance Analysis’, also lauded the Odisha government for its proactive approach towards consequential implementation of investment intentions.

Besides, the State Government should work towards increasing aquaculture production through focused research on increasing production, profitability, area under culture, intensification and diversification of species, the study stated.

Considering the tourist arrival in Odisha has increased by over 69 per cent between 2010 and 2016, ASSOCHAM has suggested for consequential development of infrastructure at tourist hotspots across the State, the study pointed out.

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