Sushil Modi seeks private investment in Bihar

The Deputy Chief Minister Sushil Modi on Friday asked the private sector to make investment in Bihar for its industrial and economic development.

Last Updated: Dec 17, 2010, 19:07 PM IST

Patna: The Deputy Chief Minister Sushil
Modi on Friday asked the private sector to make investment in
Bihar for its industrial and economic development.

The state needs private investment for economic and
industrial development knowing it well that it cannot sustain
growth merely on public spending, he said while inaugurating
a two-day conference on Bihar`s growth being organized by the
Asian Development and Research Institute (ADRI).

The private sector should consider making investment
in small and medium enterprises and agro-based industrial
units in Bihar in view of the prevalence of a right ambience
for such industries in the state, Modi said.

The Deputy Chief Minister also urged the Centre and
influential people from Bihar to keep their good offices for
bringing in private investment in the state.

Stating that the development was a buzzword in Bihar
at present, Modi said that the landslide victory of the ruling
NDA in the recently-concluded assembly polls as indicative of
the fact that the people wanted development of the state and
betterment of all sections of the society.

Modi said that the state government will strive its best to
complete various unfinished development agendas over the next
five years to sustain the growth story of Bihar.

It was understandably a big challenge to sustain 11
per cent growth rate that the state has witnessed during the
first term of the NDA government, he said, adding that the
state government will surmount various obstacles in taking
forward the growth level to the next dimension.

PTI