Thursday, September 27, 2012

Govt effort to rope in global investors dubious: Cong


Raipur, September 26, 2012

Congress says the BJP government’s attempt to rope in global investors is doubtful as its industrial policy is directionless and ineffective.  

“The government had bitter experience in the past. It had inked pacts with outsiders to encourage capital investment in Chhattisgarh, but none met its expectations as all are engaged in simply plundering rich mineral resources of the state,” said Congress spokesperson Sushil Anand Shukla on Wednesday.

“The government signed agreement with more than five dozen companies, but majority were fake. Such companies, using false and manipulated documents and developing rapport with influential officials, managed to acquire possession of rich minerals of the state like iron ore, bauxite, dolomite and coal blocks,” he said.

Sniffing self-interest and corruption in Chief Minister Raman Singh’s beckoning to national and international investors, he said the government should rather encourage small-scale industries of the state so that local entrepreneurs and unemployed youth could get benefited by the move.

“The government has already wasted over Rs ten crore in its road show at New Delhi to attract investors. It will further squander about Rs 50 crore in its global investors’ meet scheduled to be held at Raipur on November 2 and 3. Ironically, the government is creating congenial atmosphere for outsiders, not insiders (local small industrial units),” he said.

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