Bihar reaps benefits despite recession
Patna | Sunday, Dec 21 2008 IST
Amid the gloom created by global recession leading to an economic slowdown, Bihar has reasons to cheer as it has started reaping the benefits of industry-friendly initiatives by attracting substantial investment proposals in various sectors. As many as 145 proposals amounting to Rs 71,000 crore have been cleared by the ''Rajya Nivesh Protsahan Parishad'' (State Investment Encouragement Board), in the past one year, in both private and public sector. Among them were plans for reviving and setting up of four sugar mills, 11 power plants, eight food processing units, six technical research institutes and five infrastructure development projects for construction of roads and bridges across the state. Finding long stretches of most of the national highways passing through Bihar in a deplorable condition, the state government undertook massive programmes to repair and upgrade more than 1,500 km of national highways in the state by next year. With substantial funds coming from the Asian Development Bank (ADB), about 1,800 km of state and district highways were upgraded as all weather motorable roads during the past couple of years.
An amount of more than Rs 15,000 crore, including funds available from the Asian Development Bank (ADB), were spent for the improvement of road connectivity during the past two years, according to latest government statistics.
As many as 115 bridges were constructed during the period, the sources added.
The state government had also embarked on a time-bound programme to improve power generation capacity from a meagre 150 MW during peak hours to at least 4,000 MW by 2010.
In order to rope in major players, a number of MOUs had been signed between the Bihar State Electricity Board (BSEB)and the National Thermal Power Corporation (NTPC) late last year for setting up a 1980 MW thermal power plant at Nabinagar in Aurangabad district of South Bihar by 2009.
-- (UNI) -- 21DR3.xml
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