Godrej Agrovet, Invest 60 Carore in Bihar,Set up Animal & Poultry feed project

 

 Modi shakes hands with industrialist Adi Godrej at a meeting in Patna.

PATNA: Eminent industrialist and Confederation of Indian Industries (CII) president, Adi B Godrej, on 19th.may, said his firm, Godrej Agrovet, would invest Rs 60 crore in Bihar to set up an animal and poultry feed project at Hajipur with a capacity of 2.5 lakh tonnes.
Godrej said Bihar was a priority state for the CII as it had achieved one of the fastest growth in gross state domestic product (GSDP) in the country. He said Bihar was enjoying a good reputation in terms of governance and progress.
During his power point presentation here, Godrej said that economic reforms, early implementation of goods and services tax (GST) and good governance could accelerate the country's gross domestic product (GDP) growth rate by 2% to take it to over 9%, against the targeted 7.5%, in fiscal 2012-13. Indian economy would be buoyant thereafter, he said.
Explaining the CII theme to 'Revive growth through reforms and governance', Godrej said his discussion with deputy CM Sushil Kumar Modi regarding early introduction of the GST was positive. Modi heads the committee of states' finance ministers for implementation of GST. "We need faster reforms combined with good governance, effective decision-making and quick clearance of projects," he said, adding that the CII would help push the growth rate by facilitating development process in the country. He favoured foreign direct investment (FDI) in different sectors, including retail.
Godrej said CII would extend help to both central and state governments and interact with opposition parties to accelerate the reform process to galvanize the economy, which would reduce the effect of current global slowdown. The CII would try to persuade the opposition parties to support legislations in parliament for ushering in economic reforms, he said.
The issue of Lokpal and Lokayuktas apart, governance was very important, Godrej said, adding that CII would work for development in power, mineral, infrastructure and other sectors. He said that 40-50 major infrastructure projects needed to be pushed through. CII's major role would be to work with states for development and Bihar was on its priority list, he said.
CII, he said, would constitute a task force to work with Bihar government to help in catalysing growth of private industries in the state. Bihar needed skill development besides development of agriculture, food and power to surge ahead. He said the deputy chief minister was impressed with CII's work for facilitating development in the state.
However, Godrej said big industrial investments would not come overnight to the state. CII would give exposure to its members about investment opportunities in Bihar, but they would have to take their own decision, he said.
Godrej said he would facilitate meeting of senior leaders of the government with industrialists in Kolkata, Mumbai and other places, regarding investment in Bihar. He said Bihar has a large market being the third most populous state in the country.