Jharkhand sets five-year deadline for new industries

Jharkhand sets five-year deadline for new industries

Friday, 28 March 2008, 13:46 Hrs
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Ranchi: The Jharkhand government has set a five-year deadline to establish new industries under its proposed rehabilitation and resettlement (R&R) policy.

A cabinet sub-committee, set up to prepare the R&R policy, met here to finalise the draft Friday. The industries department had sought suggestions from the industry majors by March 25 before framing the draft.

Around 10 industrial houses submitted a long list of suggestions to the industries department, including a 15-year timeframe for setting up industries under the new policy.

However, the sub-committee rejected this suggestion.

"We have set a five-year deadline to establish industries in the state. That time is enough to build infrastructure and logistics," said Niel Tirkey, a sub-committee member.

Speaking to reporters, Deputy Chief Minister Sudhir Mahto, who is also in charge of the industries department, said: "We have incorporated many suggestions of the industrial houses. The final draft of the R&R policy will be sent to the chief minister's office for clearance by April 10."

He said: "The R&R policy will soon be cleared by the state cabinet and will help industrial houses set up new ventures."

The sub-committee also rejected the industrial houses' suggestion to pay the compensation amount to the displaced people in phased manner. The committee members said the mode of payment has been mentioned in detail in the R&R policy.

Jharkhand is working on the R&R policy for last five years. The Madhu Koda government has constituted a 14-member committee under leadership of another Deputy Chief Minister Stephen Marandi. Another sub-Committee was also constituted to finalise the draft policy.

The state government has already signed memoranda of understanding (MoUs) with 65 companies in steel, mining and power sectors. To translate these agreements into reality, the government has to sort out the land acquisition problem. The R&R policy is expected to clear the bottlenecks.
Source: IANS
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