Ranchi, July 04: The Industrial Finance Corporation of India has extended its cooperation to Jharkhand Government for developing the state as a major industrial zone. IFCI General Manager A K Das described the state government's response in this direction as "encouraging" after holding discussions with Jharkhand Industry Minister Ravindra Rai, Industry Secretary V K Singh and Director of Industries Rajesh Agarwal yesterday.
"Our (IFCI) role will be that of a fund controller and lending financial assistance... For this we will charge a special fee which is negotiable," Das said here.
The IFCI GM, who is on a two-day visit here, evinced interest to participate in the Jharkhand industries rehabilitation scheme and mega industrial growth centre at Barhi in Koderma.
Official sources, meanwhile, said the state industry department was planning to appoint IFCI, a government of India undertaking, as the agency to monitor the proposed Rs 270 crore expansion of the Associated Cement Company Limited. Bureau Report