lsquoLand crunch hits investments in Biharrsquo

Patna | Friday | 9th November, 2018

Summary:

“The company requires 70 acre land in Muzaffarpur , which is currently with the Bihar State Sugar Corporation. He said BIADA has 116 acre land in bits and pieces across the state. “We are on the verge of losing another proposed investor, ITC , which is expected to invest more than Rs 1,200 crore,” he said.The ITC has been waiting for land allotment for the last one year. We are unable to give the land to ITC because the sugar corporation is not transferring the land to us,” explained the BIADA MD.According to him, a US-based company has proposed to invest Rs 350 crore to set-up a Maize Park in Purnia , but BIADA is unable to facilitate it for want of land.“Apart from non-availability of land, another issue is non-allotment of land to non-priority manufacturing and service sectors. For example, three cement projects — each worth Rs 600 crore — are pending as we are not allowed to give land to this non-priority sector,” Shrivastav said.He said he would submit a proposal to principal secretary ( industries ) K K Pathak at a scheduled meet on November 16, seeking land transfer from the state government to BIADA, amendment to the Bihar Industrial Policy 2016 and allotment of land to non-priority sectors..