Investment in private sector high in Odisha: ASSOCHAM

State ranks second after Gujarat in terms of share in private sector inflow.

Published: 27th October 2012 12:17 PM  |   Last Updated: 27th October 2012 12:17 PM   |  A+A-

Odisha continues to perch high among the States attracting maximum investment, ranking second after Gujarat in terms of share in private sector inflow, across domestic and international, as of June 2012, the ASSOCHAM stated on Friday.

The State has a share of 10.7 per cent in total outstanding private sector investments in India, second only to Gujarat which accounts for 12.5 per cent. Of the total outstanding investments in the State to the tune of around Rs 11.8 lakh crore, private sector investments are worth over Rs 8.8 lakh crore. The private sector, in fact, has registered about 75 per cent share in overall investments across the State, the industry body said on the basis of a sector-specific analysis “Composition of outstanding investments across States.”

The analysis pointed out that private sector investment in Gujarat accounted for over Rs 10.3 lakh crore of the total outstanding investment of Rs 14.8 lakh crore, thereby grabbing about 70 per cent share in overall investments.

At the National level, private sector accounts for over 59 per cent of the total outstanding investments across India with a share of Rs 82.9 lakh crore as of June 2012, the report revealed.

Maharashtra with 8.9 per cent, Andhra Pradesh with 8.4 per cent and Karnataka with 7.2 per cent follow Gujarat and Odisha in terms of having maximum share in outstanding private sector investments across India.

However, the share of private investments  in total investments in their own sphere is less than the all-India average of over 59 per cent. In Maharashtra, the share is 51 per cent while in Andhra Pradesh and Karnataka it is 56.5 and 57.4 per cent, respectively.

Haryana, though, having a share of only around 4.8 per cent in total private sector investments made in India, has the maximum share in investments within it. Private sector investments account for a whopping 86.6 per cent in the total outstanding investments of around Rs 4.5 lakh crore in the State, secretary general of ASSOCHAM D S Rawat said.

Stay up to date on all the latest Odisha news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp