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‘Bihar created new record in private investments’

Last Updated: Thursday, March 1, 2012 - 20:44

Patna: Bihar Deputy Chief Minister Sushil Kumar Modi on Thursday brushed aside the opposition`s allegations on poor private investments in Bihar and claimed that the state
had set a new record in private investments in cement and road sectors in Bihar.

Replying to a debate on the budget for financial year 2012-2013 in the assembly, Modi said there was virtually no (no) substance in the opposition`s charge about poor private investments in Bihar.
In fact the state government had set a new record in securing private investments in road and cement sectors, he said.

He also claimed that heavy investments had been made in roads, industries and the tourism sector in Bihar.

Under the Public Private Partnership (PPP), he said, private companies alone had decided to invest 60 percent of the cost for road between Rajgir and Tajpur.

Similarly Rs 332 crore was being invested for Bakhtiyarpur-Tajpur road and Rs 619 crore for Ara-Mohaniya express in private sector in Bihar which was unprecedented in the state`s history, Modi claimed.

Modi said the Kumar Manglam Birla`s Ultratech was making an investment of Rs 500 crore, besides six other companies including Ambuja company have finalised investment
for setting up cement factories by using fly ash.

For Ambuja a plot has been selected in Patna district for a factory, Modi said.


First Published: Thursday, March 1, 2012 - 20:44

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