Patna: Chief Minister Nitish Kumar Saturday reiterated demand for grant of special category status to Bihar saying that the measure will enable the state government to use its funds for development activities.
The grant of special category status will reduce the state`s contribution in implementation of various Centrally sponsored schemes and in the process there will be more funds at its disposal of the state government to use for development activities, he said at a panel discussion on economic prospects of Bihar organized by a private business channel.
Kumar said that his government has created a positive atmosphere for economic development of Bihar and the results were there for all to see as there has been substantial development in infrastructure development with both public funds and on Public-Private-Partnership (PPP) mode.
The state government was also trying hard to improve power situation in Bihar and the expansion works were going on at Kanti and Barauni thermal power plants and the construction of thermal power plant at Barh was going on in full swing, he said.
There will be sufficient power available for domestic and industrial consumption once various power plants at various stages of construction started generation of power, the Chief Minister said.
Kumar said that Bihar has tremendous potential for tapping tourism sector for economic development and said that investment was required for construction of infrastructure and hospitality to woo tourists from across the country and abroad.
SEBI Chairman U.K. Sinha and the Vedanta Chairman Anil Agrawal, both sons of soil, also painted a rosy picture of industrialization of Bihar and said that the state has huge potential to develop tourism, sugar and agro-processing industries.
Lauding the Chief Minister for creating an atmosphere of peace and stability in Bihar, they said that it was a matter of time that the industrialists and private investors evinced interest in putting their capitals for setting up industrial units in the state.
Bihar was a surplus state in human resources, a key requirement for industrial activities, Sinha and Agrawal said, adding that the people of the state have shown their entrepreneurship elsewhere and there was no no reason that they could not come forward to set up industries in their native states and boost its economic growth.