Investment proposals of Rs 37,000 cr cleared in Bihar

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Patna, Oct 25 (UNI) The Bihar government has cleared 101 proposals for industrial investment worth Rs 37,000 crores including sugar, Cement and Power sectors, Principal Secretary of State industries department Vijay Raghvan today said here.

Mr Raghvan told newspersons here that state government had initiated several steps to facilitate the investments on ground level as related infrastructures were being prepared.

'' The process of acquisition of lands for setting up industries was going on with the land owners without any hitch,'' he said adding at several places owners were voluntarily offering lands for the purpose.

He dismissed the contradictions between initiatve of the state government for land acquisition and the order of Supreme Court in this regard stating that Bihar government had acquired mostly non- agricultural lands and there was no difficulty on that front.

'' In some cases, the interested parties are directly negotiating with the villagers for the land,'' he said and added lands were being given to private investors on lease which could be scrapped in the event of any breach of rules and regulations.

'' If the total investment proposals cleared so far, takes shape employment opportunities for one lakh youths would be generated,'' Mr Raghavan said adding several excellent technical institutes would be coming up during the days ahead which would cater to the needs of trained manpower for budding industries in the state.

UNI

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