Progressive Bihar - Finally the sleeping giant is waking up

Progressive Bihar - Finally the sleeping giant is waking up
Progressive Bihar - Come support it's growth path.

Tuesday, March 30, 2010

Reliance out of the Motipur Sugar Mills

Bihar government has cancelled the contract of Reliance for reviving the Motipur sugar mills. This was done because even after repeated requests from the state government, the Mukesh Ambani led Reliance group did not start work at this site.

The decision of Reliance of not starting the work at this sugar plant appears to be more of a strategic business decision rather than anything attributable to the state. However, this is not a good sign in Bihar's quest of attracting more investments into the state. In the past many companies like Gujarat Ambuja and Solanika tractors came and went without making any investments into the state. They left citing reasons like poor law and order, power shortage and lack of infrastructure.

Today in an improved scenario, we have better law and order & infrastructure in the state as compared to before. But to attract industries we have to do more. The state government has to provide attractive options like tax breaks, etc so that these companies come and invest in Bihar. I know that the Nitish Kumar government was drafting up a plan in this regards: I just hope that the plan comes quickly,  is attractive and doesn't get strangulated by the forthcoming assembly elections in the state.

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