Odisha tops with 17% share in manufacturing investments

Odisha has maximum share of over 17 per cent in the total live investments worth about Rs 33 lakh crore attracted by manufacturing sector across the country, according to a study.

Gujarat has ranked second (nearly 12 per cent) followed by Karnataka (11 per cent), Jharkhand (nine per cent) and Chhattisgarh (seven per cent), said the study titled “Impact analysis of delay in investment implementation in manufacturing” by Assocham.

However, in Odisha about 39 per cent manufacturing projects remained under implementation as of September 2015.

Delayed projects facing cost escalation have maximum share of 31 per cent in Odisha followed by Karnataka, Rajasthan and Jharkhand (9 per cent each), the study said.

Manufacturing sector in the country attracted live investments worth about Rs 33 lakh crore, about one-fifth of total live investments worth over Rs 164 lakh crore drawn by various sectors across India as of September 2015, it said.

“Metal and metal products alone accounted for almost half (48 per cent) of the total live investments attracted by manufacturing sector in India followed by chemicals and chemical products (24 per cent), machinery (8 per cent), transport equipment (7 per cent), construction material (7 per cent), food and agro based products (3 per cent),” it said.

In Odisha, metal and metal products have acquired over 79 per cent share in total investments attracted by manufacturing sector followed by chemical and chemical products (15 per cent), transport equipment (three per cent), construction material (one per cent).

Projects with about 37 per cent of the total live investments attracted by manufacturing sector remained under implementation as of September 2015 i.e. 1,160 projects with investments worth over Rs 12 lakh crore, it added.