Investment proposal of Rs 54000 crore cleared in Bihar

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Patna, Mar 19 (UNI) The Bihar government today said that altogether investment proposals of Rs 54000 crores had been cleared in the past two years in the state.

Minister of state for Industries Gautam Singh said this while replying to the budgetary demand of industries department in the state council. He said the Nitish Kumar government had initiated several measures to accelerate the pace of development in Bihar.

''Investment proposals of Rs 54000 crore, some of them from big industrial houses, have been cleared by the state government during the last two years'', he informed adding Rs 531 crore had already been invested in different industrial sectors.

A number of effective measures including single window clearance system and attractive industrial policy had yielded encouraging results, Mr Singh said and added more investment proposals were expected shortly.

The Centre has cleared for a textile park in Bhagalpur and the state government allotted more than 150 acres of land for the purpose, he said.

The government has prepared a scheme for weavers in Bhagalpur and a grant of Rs 10,000 would be given to those interested for purchasing the generator. A plot of 25 acres had been identified in Bhagalpur for setting up a handloom park, he informed.

Later the house passed the budgetary demand of Rs 381.40 crores of Industries department for the financial year 2008-09. The house also passed the budgetary demand of Labour Resources and Science and Technology department.

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