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Patna,(BiharTimes): Aditya Birla Group Chairman, Kumarmanglam Birla, was in Patna for the first time. Yet he ended up doing some plain speaking and that too at a prestigious meet.
On the second day of the Global Summit on Saturday he said investments for heavy industries would be impossible until the power situation improves substantially. He urged the state government to first take steps to improve its power situation than expect investment. |
Heavy industry cannot come forward for investment without proper electricity supply. This is the reason why investments for heavy industries in Bihar are not coming forward, Birla said.
He urged the Bihar government to encourage private investments for improving the power scenario.
He said Bihar still lagged behind the national average of per capita power consumption of 700 unit and added that the contribution of manufacturing units on the GSDP of the state was very less. The state should take steps for to increase the contributions of the manufacturing units.
The noted industrialist said that while the agriculture has 70 percent contribution in the GSDP of Bihar, the manufacturing units have hardly five percent contribution in it.
He suggested that Bihar should explore ways to secure natural gas supply through HPJ gas pipeline through KG Basin. He added that Bihar should, for now, concentrate on attracting small and medium industries.
The irony is that while both the chief minister and deputy chief minister of Bihar had repeatedly been saying that it is not an investors’ meet yet Birla chose to speak on the issue of investment and why it is not coming to the state.
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