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Centre blocking Rs 1 lakh crore investment in Bihar: Nitish

Bihar CM Nitish Kumar criticised the Centre for allegedly blocking huge investment proposals worth over Rs one lakh crore in thermal power and ethanol sectors.



Patna: Bihar Chief Minister Nitish Kumar on Wednesday criticised the Centre for allegedly blocking huge investment
proposals worth over Rs one lakh crore in thermal power and
ethanol sectors.

"Fate of investment proposals worth over Rs one lakh crore
in Bihar in the fields of thermal power and ethanol hangs in
balance following non-cooperation from the Centre," Kumar said
at a programme here.
He said the state had received investment proposals of
Rs 90,000 crore for setting up ethanol manufacturing units and
Rs 20,000 for raising thermal power plants.

"The state government has sought clearance from the Centre
for removing restrictions in manufacturing of ethanol from
sugarcane juice, but no decision has been taken as yet," he
said.
Similarly, the Centre`s dilly-dallying attitude towards
providing adequate coal linkages to Bihar for utilising the
proposed investments to generate 2000 MW power was also
blocked, he alleged at the programme organised by a business
daily.

While the Centre has become a stumbling block in
development of Bihar, the state government had accorded top
priority to help develop basic infrastructure.

"We have to make roads, develop the state and fulfil basic
needs of the people and the state," he said and rubbished the
charges of "jugglery" of figure in showing the state`s growth
rate.

In 2010, the media had projected the state`s growth rate
at 11 per cent and when the final figures were compiled it was
at 16.59 per cent in 2008-09 itself, Kumar said.

"Officials of the state are not so clever to distort and
forge statistics," the chief minister said adding that Union
Finance Minister Pranab Mukherjee too had admitted that the
state`s growth rate was pegged at 16 per cent during 2006-08.

PTI

From Zee News

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