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.