The economy of Bihar, one of India's most underdeveloped States, is poised to grow rapidly thanks to the sugar industry attracting private investments to the tune of Rs 4,600 crore.
"The sugar sector in Bihar seems to be the most-preferred investment destination where our Government has already sanctioned proposals in the private sector for 10 sugar mills and received detailed project reports for 15 other sugar mills with the letter of expressions from the private entrepreneurs to invest a whopping Rs 4,620 crore," Sugar Minister Nitish Mishra told PTI today.
The move comes amid the changing industrial climate propelled by marked improvement in law and order and measures for wider reforms under the new industrial policy taken by the year-old Nitish Kumar government, he said.
Mishra said out of the 15 sugar mills having shown interests for pumping in money, the State Investment Promotion Board had cleared the project reports for six.
The ten sanctioned sugar mills would have the capacity to create direct job opportunities for 10,000 people with over an above engagements for about two lakh people, he said.
The places where the sugar mills would come up are Kotwa, Marukiya, Kewalpura, Rasulpur, Madhuvan, Udakishunganj, Bahadurpur, Chorma, Pakaridayal and Asthawan.
The projects, which got clearance from the investment promotion board are for the sugar mills to be installaed at Guruwalia, Rajaun, Barhanbenusar, Nariyar, Nawagaon and Supaul, the Minister said.
Elaborating on the detailed project reports, Mishra said these projects would increase the cane crushing capacity of the existing sugar mill by 78,500 tonne crushing capacity per day (tcd).
Complementing it, the Minister said, the existing sugar mills at Gopalganj, Sidhawalia, Riga, Harinagar, Majhaulia, Hassanpur, Sasamusa and Narkatiaganj have started expanding their capacity and the measures taken would augment their cane crushing capacity from 37,200 tcd to 53,000 tcd.
According to an official statement here, concerted efforts, meanwhile, are being made to promote the sugar sector and for it the State Government had sanctioned Rs 8.84 crore for the payment of loans due to the cane groweres.
Mishra said the Cane Research Institute at Pusa had discovered high-sugar yield varities like bo-141 and bop-145 and the insurance policy had also been introduced for the cane-growers if their crop got damaged.
The State Government had also allotted Rs 4.51 crore for cane research from its share, while Rs 2.85 crore was earmarked under the central scheme, he said.
Mishra said land acquisition works for the new sugar projects was in progress and the State Government would provide all possible assistance to the private entrepreneurs to have their projects under the new industrial promotion package.
In reply to a question, Mishra said the new and old sugar mills together would lead to augmentation of the cane crushing capacity to 1.22 lakh tonne crushing per day, which would require cane coverage in over 6.31 lakh hectare.
"The sugar sector in Bihar seems to be the most-preferred investment destination where our Government has already sanctioned proposals in the private sector for 10 sugar mills and received detailed project reports for 15 other sugar mills with the letter of expressions from the private entrepreneurs to invest a whopping Rs 4,620 crore," Sugar Minister Nitish Mishra told PTI today.
The move comes amid the changing industrial climate propelled by marked improvement in law and order and measures for wider reforms under the new industrial policy taken by the year-old Nitish Kumar government, he said.
Mishra said out of the 15 sugar mills having shown interests for pumping in money, the State Investment Promotion Board had cleared the project reports for six.
The ten sanctioned sugar mills would have the capacity to create direct job opportunities for 10,000 people with over an above engagements for about two lakh people, he said.
The places where the sugar mills would come up are Kotwa, Marukiya, Kewalpura, Rasulpur, Madhuvan, Udakishunganj, Bahadurpur, Chorma, Pakaridayal and Asthawan.
The projects, which got clearance from the investment promotion board are for the sugar mills to be installaed at Guruwalia, Rajaun, Barhanbenusar, Nariyar, Nawagaon and Supaul, the Minister said.
Elaborating on the detailed project reports, Mishra said these projects would increase the cane crushing capacity of the existing sugar mill by 78,500 tonne crushing capacity per day (tcd).
Complementing it, the Minister said, the existing sugar mills at Gopalganj, Sidhawalia, Riga, Harinagar, Majhaulia, Hassanpur, Sasamusa and Narkatiaganj have started expanding their capacity and the measures taken would augment their cane crushing capacity from 37,200 tcd to 53,000 tcd.
According to an official statement here, concerted efforts, meanwhile, are being made to promote the sugar sector and for it the State Government had sanctioned Rs 8.84 crore for the payment of loans due to the cane groweres.
Mishra said the Cane Research Institute at Pusa had discovered high-sugar yield varities like bo-141 and bop-145 and the insurance policy had also been introduced for the cane-growers if their crop got damaged.
The State Government had also allotted Rs 4.51 crore for cane research from its share, while Rs 2.85 crore was earmarked under the central scheme, he said.
Mishra said land acquisition works for the new sugar projects was in progress and the State Government would provide all possible assistance to the private entrepreneurs to have their projects under the new industrial promotion package.
In reply to a question, Mishra said the new and old sugar mills together would lead to augmentation of the cane crushing capacity to 1.22 lakh tonne crushing per day, which would require cane coverage in over 6.31 lakh hectare.
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