State Govt Push and Investor Trust Help Odisha Top Private Capex Charts

Bhubaneswar: Odisha has set a record in private investment, emerging as the leading state in the country. This data has been revealed in a report by the Centre for Monitoring Indian Economy (CMIE). In the first quarter of the current financial year, Odisha has attracted Rs1.4 lakh crore worth of investment. This marks the highest private sector investment in the country during this period. Across India, the total private sector investment during the quarter wasRs3.5 lakh crore. From April to May, government capital expenditure also saw a 54Percent increase, reaching Rs2.2 lakh crore. During the quarter, 324 new private sector projects were announced.