Industry proposes Rs 17.4 lakh cr investment, Orissa tops

Indian industry proposed a whopping investment of Rs 17.4 lakh crore in 2010 with maximum of the proposals going to Orissa, followed by Chattisgarh and Madhya Pradesh.

The investment intentions, filed with the Department of Industrial Policy and Promotion, have the potential of creating employment for 12.47 lakh people.

The preferred industries for investments were electrical equipment, metallurgy, cement and gypsum.

The maximum of the investment was in the de-licensed sectors.

The figures relate to the calendar 2010, a period when the industry was recovering from the global financial crisis of 2008-09.

The other states favourite with investors are Gujarat, Karnataka and Andhra Pradesh.

Excepting five industries including alcoholic drinks, tobacco products, electronic aerospace and defence equipment and a few hazardous chemicals, all other industries fall in the list of the de-licensed sectors.