Home / Knowledge / News / Textiles / Odisha tops in manufacturing sector investment with 17%
Odisha tops in manufacturing sector investment with 17%
29
Mar '16
Odisha has emerged as the top state in the country with over 17 per cent share in the total live investments worth about Rs 33 lakh crore in the manufacturing sector across India, according to a recent study by Associated Chambers of Commerce and Industry of India (Assocham).

Gujarat has ranked second in terms of share in total investments attracted by manufacturing sector followed by Karnataka (11 per cent), Jharkhand (nine per cent) and Chhattisgarh (seven per cent) noted the study titled 'Impact analysis of delay in investment implementation in manufacturing.'

“Manufacturing sector in India attracted live investments worth about Rs 33 lakh crore i.e. about one-fifth of the total live investments worth over Rs 164 lakh crore attracted by various sectors across India as of September 2015,” highlighted the study prepared by Assocham Economic Research Bureau (AERB).

“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 (three per cent),” the report said.

In Odisha, metal and metal products account for over 79 per cent share in total investments in the 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.

Rajasthan has over 68 per cent manufacturing projects under implementation followed by Haryana (67.5 per cent), Bihar (63 per cent), Assam and Uttar Pradesh (62 per cent).

In Odisha, about 39 per cent manufacturing sector projects have remained under implementation as of September 2015.

“Considering that long delays in projects' implementation hurts investors' sentiment, the government needs to have a strong plan to prioritise speeding up stuck projects' effective implementation by creating a target-oriented roadmap,” Assocham said.

“Even investors should be penalised if projects get delayed due to improper planning, change of ownership, lack of finance, absence of co-ordination with contractors and other related issues,” it added.

Must ReadView All

Courtesy: Messe Frankfurt

Textiles | On 24th Mar 2017

Over 3341 exhibitors participate in Intertextile Shanghai

More than 3,341 exhibitors from 26 countries and regions participated ...

Courtesy: Bebe

Apparel/Garments | On 24th Mar 2017

Bebe Stores exploring strategic alternatives

Bebe Stores has announced that its board of directors is exploring...

Apparel/Garments | On 24th Mar 2017

Tiruppur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search