Orissa nets highest FDI quantum among states at Rs49,527 crore

Mineral rich Odisha emerged as the most favoured destination for overseas investors with investment proposals worth Rs49,527 crore, followed by Andhra Pradesh and Gujarat in 2011-12.

In a study conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), though the number of FDI proposals filed in Odisha totalled 17, the state accounted for lion's share worth about Rs49,527 crore in the total FDI proposed across India.

According to the state-wise analysis of the proposed FDI and the number of FDI proposals filed in India during 2011-12, while Odisha's share in total foreign direct investment (FDI) stood at 21 per cent, Andhra Pradesh attracted 19 per cent (Rs 33,936 crore for 70 proposals) and Gujarat 11 per cent (Rs 20,258 crore for 131 proposals).

According to  D S Rawat, national secretary general of ASSOCHAM, a total of 763 FDI proposals worth over Rs1.78 lakh crore were filed across various states in India during the aforesaid period  while releasing the findings of the analysis.

According to Rawat, services, telecommunications, construction, computers (software and hardware), real estate and housing, chemicals, drugs and pharmaceuticals, power, automobiles and metallurgical industries were certain sectors attracting highest FDI inflows across India.

The fourth and fifth spots were taken by Chattisgarh and Karnataka from the perspective of foreign investors which garnered FDI proposals worth over Rs20,000 crore and 14,000 crore respectively.