Odisha has maximum share of over 17 percent 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 percent) followed by Karnataka (11 percent), Jharkhand (nine percent) and Chhattisgarh (seven percent), said the study titled “Impact analysis of delay in investment implementation in manufacturing” by Assocham.
However, in Odisha about 39 percent manufacturing projects remained under implementation as of September 2015. Delayed projects facing cost escalation have maximum share of 31 percent in Odisha followed by Karnataka, Rajasthan and Jharkhand (9 percent 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 percent) of the total live investments attracted by manufacturing sector in India followed by chemicals and chemical products (24 percent), machinery (8 percent), transport equipment (7 percent), construction material (7 percent), food and agro based products (3 percent),” it said.
In Odisha, metal and metal products have acquired over 79 percent share in total investments attracted by manufacturing sector followed by chemical and chemical products (15 percent), transport equipment (three percent), construction material (one percent). Projects with about 37 percent 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.