Bihar woos Bengal industry with attractive land package
Admitting that his State has been a late starter, Bihar industry secretary Naveen Verma indicated that his government was willing to purchase land directly to ensure that industry got land and farmers, a fair compensation
Aug 26, 2014
Source : The Hindu
Naveen Verma, Bihar Ind Secy


Kolkata: Within a week of Chief Minister Mamata Banerjee’s return from Singapore, senior officials from the neighbouring State, Bihar, landed in the city wooing West Bengal’ s industry with an attractive land policy and a Rs 400-crore subsidy budget.

Admitting that his State has been a late starter, Bihar industry secretary Naveen Verma indicated that his government was willing to purchase land directly to ensure that industry got land and farmers, a fair compensation.

“While we have asked all those willing to sell their land for setting up industries to share their land details with us, we are planning to take this initiative forward by purchasing this land at four times the market price and giving it to industries.

“We will do the matchmaking.. your cost would be higher but you will get clear lease titles..we are providing a platform.. this is what we are telling industry,” he told The Hindu after addressing an assemblage of business leaders.

Mr. Verma said that quite a few of the city-based industry houses have shown interest in Bihar, which now has abundant power and improved infrastructure. “Some have also initiated work,” he said.

Besides enacting legislation for easing industrial clearances, the State has also set up a mechanism under which four consultants have been appointed – Project Management Advisers – who will help investors from the time they apply for approvals till the project’s inception. Within 240 days of applying for clearances, an industry could commence production.

Bihar, which has been scouting for investment in other States too, has so far received 100 investment proposals mainly in steel, food processing (an area of strength) and plastics. Its focus areas include education, healthcare, textiles, tourism and electronics hardware.

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