Millennium Post

‘UPA in grip of policy paralysis’

‘The Centre is gripped with policy paralysis and that is known to everybody....there is acute shortage of coal at power plants due to conflict between the NTPC and Coal India - both public sector undertakings and the third party (Indian Railway) of the conflict too happens to be another public sector undetaking,’ he said, addressing an investors meet here.

As a result of conflict among various public sector undertakings, the state was gripped with acute power crisis, Kumar said a day after he had urged the Centre to intervene in the matter at the earliest for resumption of power generation at the NTPC’s Farakka and Kahalgaon plants from where Bihar gets bulk of its central quota of power.

The Eastern Coalfields Ltd (ECL) has stopped coal supply to the NTPC’s Farakka and Kahalgaon thermal power plants causing below-capacity power generation at these two plants after the latter suspended payments on the ground that it will do so only after evaluating quality and quantity of the natural fuel being supplied by the former through freight service by the railways.

The chief minister also took to task the UPA government for inordinate delay in following up its promise to revisit the special status criteria which is an aspiration of the people of Bihar and could bring in additional incentives and tax benefits for potential investors in the state.

The chief minister assailed the Centre's decision to de-control sugar and said that it will further escalate inflation and price rise.

Meanwhile, while speaking on the issue of law and order situation which is always a matter of concern to the investors, chief minister Nitish Kumar on Friday guaranteed security to those interested in setting up industrial units in Bihar.

‘I guarantee security to the investors and promise that nobody will harass them, ‘ he said at an Investors’ meet here.

‘The law and order situation is peaceful in are rest assured about your security and safety of your capital,’ Kumar, said.

Setting the agenda and area of industrial activities for the potential investors, Kumar said there was huge potential in agriculture, food processing, tourism sectors for investment.

The agriculture, food processing and tourism sectors are the ‘core components’ of the industrial activities in Bihar, and investors have virtually an open field as there are no competition and whosoever comes first will reap immense benefits,’ he said.

The chief minister said that the state government has framed policies for the promotion of all industrial sectors and set up the State Investment Promotion Board ( SIPB) and Single Window Clearance System to expedite clearance of investment proposals.

Stating that he himself holds an investors panchayat at his official residence on every fifth Monday to hear problems of the investors, the chief minister said policies have been framed for the township development, use of biomass for energy and investment in education and hospitality sectors by the industrialists.
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