Bhubaneswar: Odisha is ranked third with over 7% share in total live investment worth over 177 lakh crore attracted by different sectors from public and private sources across India as of FY17. Only Maharastra over 11% and Gujarat with 8.5%  are ahead of it in this regard, noted a just-concluded state-specific study conducted by apex industry body Assocham.

The study which was released by Assocham president, Sandeep Jajodia along with TK Chand, chairman National Council on Mines & Minerals and secretary general, DS Rawat at a press meet here on Thursday, noted that Odisha had attracted over 900 projects with live investment worth over Rs 13 lakh crore as of FY 17.

The Assocham study titled ‘Odisha -Economic growth & investment performance analysis,’ also lauded the Odisha government for its proactive approach toward consequential implementation of investment intentions.

“The rate of under-implementation of live projects has drastically declined from peak level of about 62% in FY13 to about 47% in FY17,” it said.