Wednesday, January 18, 2006

BIA seeks new industrial policy

BIA seeks new industrial policy

Patna: Bihar Industries Association (BIA) president KPS Keshri today emphasised on the need for a new industrial policy for creating an investment friendly environment in the state.

The BIA has prepared a vision document which envisages industrial growth with high potential of huge investments with the state goverment playing role of a ''benevolent facilitator''.

The BIA president stressed on the need for a new industrial policy for a hassle free environment with single window facility for clearances of the domestic industrial projects.

He said his organisation had also urged Industrial Development Commissioner S Vijya Raghavan to provide 15 to 20 per cent subsidy to new and old industrial units undertaking modernisation, diversification and expansion projects under capital investment subsidy scheme.

The subsidy scheme should also be applicable to the sick units which had the potential of revival, he urged.

Informing that the BIA had sought 50 per cent subsidy upto a maximum of Rs 25 lakh for acquiring technical know-how, Mr Keshri said the BIA mantra was to catch up with the rest in the country.

The BIA's vision was to promote and encourage private sector participation in development and management of infrastructure projects for industrial growth, he added.

He said the industrial estates and areas, industrial growth centres, special economic and commodity zones and industrial parks including theme parks could be developed.
Post a Comment