BHUBANESWAR: Odisha has managed to retain its position as the third most preferred investment destination in the country, according to a report released by the country's premier trade body Assocham on Thursday.
The report titled 'Economic growth and investment performance: FY 12-17' also stated that Odisha has attracted investments worth Rs 13.2 lakh crore as on March 31, 2017, accounting for 7.4 per cent of the country's total investment. Odisha had also bagged third position in a Assocham study conducted in 2015.
The report comes as a breather for Odisha which received a setback after South Korean steel giant Posco pulled out from its proposed project in Odisha in March this year owing to problems with supply of raw material and land availability.
According to the report, factors including cost of the means of production, legal framework and incentives to business are some of the key reasons behind shaping the business climate in the state.
Maharashtra and Gujarat remained ahead of Odisha in terms of investment with a share of 11 per cent and 8.5 per cent, respectively, the study released by Assocham president Sandeep Jajodia stated
The report titled 'Economic growth and investment performance: FY 12-17' also stated that Odisha has attracted investments worth Rs 13.2 lakh crore as on March 31, 2017, accounting for 7.4 per cent of the country's total investment. Odisha had also bagged third position in a Assocham study conducted in 2015.
The report comes as a breather for Odisha which received a setback after South Korean steel giant Posco pulled out from its proposed project in Odisha in March this year owing to problems with supply of raw material and land availability.
According to the report, factors including cost of the means of production, legal framework and incentives to business are some of the key reasons behind shaping the business climate in the state.
Maharashtra and Gujarat remained ahead of Odisha in terms of investment with a share of 11 per cent and 8.5 per cent, respectively, the study released by Assocham president Sandeep Jajodia stated
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