Question : INVESTMENT BY MULTINATIONALS IN ORISSA



(a) whether there has been a trend of decline among the multinationals to invest in Orissa; and

(b) if so, the reasons therefore?

Answer given by the minister


Minister of State in the Ministry of Finance ( Balasaheb Vikhe Patil )

(a) : Yes, Sir. There has been decline in Foreign Direct Investment approvals granted during the period from 1997 to 1999 for the State of Orissa.

(b): The choice of location depends on the commercial judgement of investors. The location of projects involving Foreign Direct Investment are determined by various factors, which inter-alia include, availability of infrastructure, manpower, domestic market and fiscal and other incentives provided by various State Governments.