Friday, May 25, 2012

Indutrial Minister hopful of accelerating industrial Development :


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 Renu Kumari Kushwaha Bihar Industries Minister is vocal about the Centre's apathy in providing coal linkage to private power projects approved by the State Investment Promotion Board. She is also critical of banks for not providing loans to industries in the state on time. At the same time, she tells Ravi Dayal, she is hopeful of accelerating industrial development of the state with the provision of subsidies for setting up of industries under the State Industrial Incentive Policy 2011. Excerpts:

What are the strengths of the state to promote industrial development?

Bihar has good potential for agriculture due to favourable climate, abundance of water and rich soil, on the strength of which food processing industries can prosper. Bihar is fast emerging as a sugar, agro industries and food processing hub with substantial facilities being provided by the state government through subsidies and incentives under the Food Processing Policy and Industrial Incentive Policy 2011.

What is the government's strategy for Industrial development?

Efforts are on to bring Bihar on a par with the frontline states like Gujarat and Maharashtra. For this, not only the expansion of food processing sector but growth of other industries also has been planned. The state's Food Processing Policy is aimed at catalysing a robust growth of food processing sector. This is attracting scores of industries to the state. Very soon we will have a vibrant food processing sector in the state. A mega Food Park is coming up at Kahalgaon in Bhagalpur district.

What are the measures taken for rehabilitation of sick industries?

Some big industries being rejuvenated in the state include RBSM Jute Mill, Katihar, Dumraon Textiles, Asiatic Oxygen and Acetylene and Ashok Paper Mills, Darbhanga. However, revival of small industries became difficult due to the non-cooperative attitude of banks. Rehabilitation of Hindustan Fertiliser Corporation, Barauni, is in final phase. Banks have failed to provide finance for the revival of viable sick industries in the micro, small and medium enterprise (MSME) sector despite recommendation from the apex committee constituted by the state government for their rehabilitation.

How does the state encourage investment for setting up of industries?

Investment climate in Bihar has changed with the government providing facilities through single window clearance of projects. The State Investment Promotion Board (SIPB) approves the proposed industrial projects. Under the Industrial Incentive Policy 2011, the government has tried to create right industrial ambience to promote industrial growth by providing 100% exemption from stamp duy and registration fees to industries during the pre-production phase and giving capital subsidy for setting them up.

What are the major problems faced in rapid industrial development?

A major handicap is the less availability of power. For accelerated industrial growth, regular power supply is a must. But the Union government is not providing coal linkage to the proposed private power projects approved by the SIPB. We have taken up this issue. Once they get coal linkage, private power projects would be able to provide sufficient power to meet the demand of power by industries.

What has the government done to tackle inadequate availability of power?

The strategy is to encourage captive power units. For this, 50% incentive/subsidy of the cost of plant and machinery for captive power generation/diesel genset and 60% for captive power industries run by husk has been provided under the Industrial Incentive Policy 2011.

Will the industries generate substantial employment?

Indeed. The state government stresses on linking investment in industries to generation of employment. There is cluster approach to development of micro and small industries and efforts are on to provide working capital-cum-industrial credit cards to entrepreneurs under different Cluster Development Schemes.

Is there stress on development of jute industry?

Yes, the Punrasar Jute Park is coming up at Maranga in Purnia. It will have a capacity to produce 110 tonnes of jute yarn daily, and provide direct and indirect employment to about 10,000 people. Besides, the revival of Katihar Jute Mill will change the scene in Kosi belt, which is a jute growing belt. It needs to be noted that jute is an environment-friendly product.

What is the government doing for protecting environment even while pushing for industrial development?

In a bid to encourage industrial units maintaining zero pollution, Industrial Incentive Policy 2011 provides for subsidy to the units getting carbon credit. 
 
 
 
 
 
 
 
 
 
 
 
source: TOI

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