Odisha emerges top manufacturing destination in Q2

By OEM Update Editorial November 13, 2018 5:04 pm IST

Odisha’s investment promotion efforts over the past few years have resulted in the state emerging as a top manufacturing destination in India in Q2 of FY 2018.

In the 72nd survey of projects investment in India conducted by Projects Today magazine, Odisha has topped in fresh projects expenditure by contributing 11.68 per cent of the total fresh projects announced in the July-September period (Q2) of the current fiscal, followed by Andhra Pradesh (10.13 per cent), Karnataka (8.02 per cent), Maharashtra (7.45 per cent) and Gujarat (5.54 per cent).

Odisha attracted manufacturing investments from a variety of sectors to the tune of `35,861 crore in the second quarter of this fiscal alone. Andhra Pradesh attracted `31,104 crore, Karnataka `24,624 crore, Maharashtra `22,875 crore and Gujarat `17,020 crore in manufacturing investments.

This accolade comes to the state on the back of a survey jointly conducted by Invest India and World Bank that ranked Odisha as an “Aspiring Leader” in terms of investment promotion preparedness in July this year.