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New Jharkhand government prefers small industrial projects

Ranchi, Oct 17 (IANS) The United Progressive Alliance (UPA) government in Jharkhand favours the development of small and medium industries in the state instead of mega projects that cause large-scale displacements.

Tuesday, October 17, 2006 | 1:27:58 PM IST (+05:30 GMT)
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Ranchi, Oct 17 (IANS) The United Progressive Alliance (UPA) government in Jharkhand favours the development of small and medium industries in the state instead of mega projects that cause large-scale displacements.

'We will press for small and medium projects for the state. The memorandums of understanding (MoUs) signed for mega projects earlier will be reviewed,' said Deputy Chief Minister Sudhir Mahto here.

'The small industries will help the state and there will be minimum displacement. The state is already feeling the pangs of displacement that has taken place in the past with mega projects,' said Mahto, who is also in charge of industries.

The previous Arjun Munda led National Democratic Alliance (NDA) government had signed Memorandums of Understanding (MoU) with 45 companies in steel, mining, power and other sectors.

The investors were to spend over Rs.2.2 trillion to set up their projects. The mega projects included those of Mittal Steel, Tata Steel, Essar and Jindal Steel.

'The previous government signed many MoUs and these agreements will be reviewed in keeping with the state's interest. Many big investors have sought land which is much more than what is required,' said Mahto Monday.

'The mega projects will be given a green signal only after the rehabilitation and displacement policy is reviewed and implemented in a new form,' he added.

However, many state officials feel that small and medium scale industries would not be able to excel in major sectors like steel and power, as they cannot pump in enough money and bring latest technology.

In Jharkhand, 8,000 small and medium scale industries are sick and are plagued by poor infrastructure and old technology. The state does not have any policy to revive the sick industries so far.

'We cannot compete with the global challenge without the latest technology. The mega investors can pump in money, procure this technology and take the state forward in the industrial sector,' said a senior government official on conditions of anonymity.

Copyright : Indo-Asian News Service
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