Odisha top FDI destination in India in 2011-12

Odisha had the largest share of foreign direct investments (FDI) in India, with overseas investors rushing to the mineral rich state during the 2011-12 financial year. Odisha accounted for 27 per for FDI flows into the country, followed by Andhra Pradesh (19 per cent) and Gujarat (11 per cent).

Maharashtra was at the sixth place with FDI score of Rs12,000 crore, but the state got the highest number of FDI proposals (144), thereby topping the list, apex industry body Assocham said on Monday.

Gujarat got the second highest number of 131 FDI proposals, attracting investment proposal worth Rs20,258 crore, according to Assocham's analysis of state-wise FDI proposals during 2011-12.

Odisha, with the lion's share of FDI worth about Rs49,527 crore, had only 70 foreign investment proposals in 2011-12 while Andhra Pradesh, with 70 proposals, attracted FDI worth about Rs33,936 crore.

The country received a total of 763 FDI proposals worth over Rs1,78,000 crore across various states during the 2011-12 financial year, Bhagyesh Soneji, chairperson of the Assocham, Gujarat council, said.

Sectors that attracted most FDI included telecommunications, construction, computers (software and hardware), real estate and housing, chemicals, drugs and pharmaceuticals, power, automobiles and metallurgical industries.