Ranchi, Feb. 21: Federation of Indian Mineral Industries’ (FIMI) advocacy against allotment of captive mines to prospective investors has created flutter among mega-sector players who have either opened their shops in Jharkhand or are in the process of doing so.

FIMI president Rahul N. Baldota during his recent visit to the state told The Telegraph that captive mines should not be given to parties and the national organisation comprising over 300 companies, miners and traders have agreed on it.

But considering the fact that over 65 MoUs involving Rs 2,70,000 crore have been signed between the state government and that there are also green field proposals by Arcelor Mittal, Jindal Steel and Power Limited (JSPL), JSW Steel Limited, Tata Steel among others, there is much resentment among them about FIMI’s official stand.

“Who is he to decide the things? It was only after an assurance from the state government that we would be provided with captive iron ore and other mines. We have started the process of setting up green field projects in Jharkhand. So there was no reason why should they not get their right,” said Avijit Ghosh, senior general manager of JSPL.