Friday, January 22, 2010

Survey says Odisha 2nd favourite domestic investment destination: Of course credit goes to the state Government

Note: If the state Government could encourage more industrial growth in South Wetsern Odisha it could be even better to bring social balance in the state. Now migration of the people inside the state has become limited towards Coastal Odisha (Balasore-Berhampur) and North-Western Odisha (Sundergarh-Sambalpur-Keonjhar-Angul). Equal focus should be given to South-Western Odisha. The proposed industries coming in KBK are mostly alumina refinery which generates limited scope for downstream industrial growth. For example along with refinery if companies like Vedanta, NALCO, Utkal Alumina etc could be encouraged to establish aluminum smelter adjacent to refinery it would encourage more downstream projects and development like happening in Anugul, Jharsugida, Cuttack region. There is already environmental concern in Jharsuguda, Brajarajnagar, Talcher and Anugul regions, so coal can be transported to KBK region to help in building aluminium smelter. Similalry, instead of making another smelter in West Bengal, Vedanta Alumina Limited could be encouraged to estblish a smelter and downstream park in Lanjigarh-Bhawanipatna region.




Odisha 2nd favourite domestic investment destination: Survey
The Pioneer, Jan 11, 2010

PNS | Bhubaneswar

Undeterred by the global economic slowdown, the domestic investment announcements of India Inc registered a growth of 16 per cent during calendar year 2009 over 2008, with Gujarat, Odisha and Andhra Pradesh emerging as the frontrunners, according to an analysis of ASSOCHAM Investment Meter (AIM) Study on Corporate Investments.

As per the annual AIM assessment report for corporate investments across States and sectors, the total investment plans of India Inc increased significantly from Rs 13,80,099 crore in 2008 to Rs 15,94,203 crore in 2009; out of which Gujarat, Odisha and Andhra Pradesh carved out a majority share of 15.4 per cent, 12.6 per cent and 8.1 per cent respectively. The intensity of corporate investment activity during the period of economic downturn has proved the relative resilience of Indian economy.

“The robustness in corporate investment activity on the Indian soil shows how competently the economy has managed to weather the storm of unprecedented global financial crisis,” said ASSOCHAM Secretary General DS Rawat

Gujarat witnessed Rs 2,45,352 crore worth of investment plans. Helped by the investor-friendly policies of the State Government which led to a smooth relocation of the Tata Nano project, the State attracted the majority of investment plans in the real estate, power and infrastructure sectors.

Odisha stood second with the recorded investment proposals worth Rs 2,00,846 crore. The availability of rich mineral resources such as coal and iron ore along with cheap availability of manpower attracted massive investments in the steel and power were among the sectors which attracted maximum investments in steel and power sectors.

The successful commencement of gas production from the D6 block of the KG basin, helped Andhra Pradesh rank among the top three States in attracting corporate investors. The State recorded investment plans to the tune of Rs. 1,29,157 crore. Energy and the real estate were among the major sectors that attracted maximum investments.

3 comments:

Anonymous said...

I wonder if there is any industry worth the name in Berhampur region of South-Western Orissa. Infact, after this MOU signing spree started in Orissa not a single major MOU, except that for Gopalpur Port, has been signed for Ganjam District. Ganjam is industrially at the bottom in the state and can only be compared with Malkangiri, Gajapati, Kandhamal or Boudh districts.
So, it is not fair to categorically put Balasore and Berhampur under the same bracket and this is as if putting Bhubaneswar with Bhawanipatna in the same category.

Digambara Patra said...

Gopalpur port, proposed titianium plant, proposed SEZ in Gopaluour by TATA, proposed Granite cluster, IT park etc. All of them will bring more oppertinities as most of these are in service sector. Port will subsequently bring more industrialization, but still I will say it is not industrialized like Cuttack region. Balasore and Berhamapur could be comparable, if Balasore has one or more number of industries, Berhampur has more state govt. funded educational institutions (services). Bhubaneswar and Bhawanipatna are in top and bottom in the scale whereas Balasore and Berhampur will be close to each other in the over all scale, of course one may have advantange in one thing and other will have in some where else.

Anonymous said...

Coastal Orissa has BBSR, CTC, Baleswar, Puri, Paradeep and many other cities and growth centes to its name. Similarly, Western Orissa has Sambalpur, Rourkela, Balangir, Jharsuguda etc. But, South Orissa has no other growth centre other than Berhampur and that is why this region is languising with poverty. Koraput is till now a NAC area. Jeypore has no propoer connectivity while Rayagada is still to become a city on its own. I think Bhawanipatna can become in South Orissa what Rourkela has become in Western Orissa. Berhampur-Bhawanipatna industrial corridor can change the face of South Orissa and these two cities can properly represent the region leading to its development.
For this an exclusive Bhawanipatna brand needs to be built as more people know Bhawanipatna becuase of Kalahandi District. Bhawanipatna should have its own image outside Kalahandi tag to attract knowledge sector and emerge as a big city in Southern part of Orissa.