The Telegraph
 
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Private industry hubs in sight

- Proposals from Vaishali, Mokama landowners get nod
INVESTMENT BOOST

Patna, Jan. 21: The state is set to get two private industrial areas — one in Vaishali district on 100 acres and the other at Mokama on around 40 acres.

The State Investment Promotion Board (SIPB) has cleared the two proposals barely five months after the state government approved the private industrial area policy. In both the cases, the SPV (Special Purpose Vehicle) has been formed according to the norms of the policy. The state government would be releasing funds for the basic infrastructure development of the areas, sources told The Telegraph.

Around 35 farmers have come together in Mokama, 100km east from here, to form the Sriram Chatradhaari Private Industrial Area. The total area of the industry hub is around 40 acres at present.

“More people are interested in joining the SPV and the area would cross 50 acres. At present, the SPV has four members as the board of directors. According to the policy, an amount not exceeding Rs 50 crore would be provided by the state government as grants in four instalments for the development of basic infrastructure of the area. We shall take help from the state government for marketing the industrial area so that the entrepreneurs come to know about it and approach us,” G.P. Singh, a senior member of the Bihar Industries Association and the mentor of the project, told The Telegraph.

The second private industrial area would come up at Mahua in Vaishali district, around 40km north from here.

“The SPV at Mahua — Vaishali Industrial Park Private Limited — is spread over an area of 100 acres. Several landowners have formed this SPV. This area has potential because it is very close to the state capital,” said an official of the industries department.