The Telegraph
Sunday , September 16 , 2012
Since 1st March, 1999
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100cr support pledge

Patna, Sept. 15: Vedanta Group chairperson Anil Agarwal, who hails from Patna, on Saturday stopped short of committing any big ticket investment for the state but pledged a Rs 100-crore financial support for the state government in the education and the healthcare sector.

A US$ 50 billion group listed at London Stock Exchange, Vedanta Group is a natural resources-based organisation dealing in aluminium, copper zinc, lead, silver iron ore, oil and gas.

“We are a natural resources based company. There are no mines available in Bihar at present. But the state has huge potential in sugarcane production.We are exploring what we can do for the state. Right now, we have pledged a financial support of Rs 100 crore to the Bihar government in healthcare and education sector,” Agarwal said during an interaction with members of Bihar Chamber of Commerce and Industries here. He made the announcement while responding to a query if his company was planning to invest in Bihar, the land where he born and brought up.

Praising the people of Bihar, he said: “They have an in-built ability to work hard. Besides, the residents of the state have the grit, the determination... a quality not found anywhere in the world.”

He added: “There is no short cut to achieve success in life. One can achieve success by dreaming big and working hard.Do what you want to do, but with great determination, perseverance and honesty.”

To a query on what should a first-generation entrepreneur do, the industrialist said: “They should go for acquisition of industrial firms that have been closed. This would require less capital. Besides, the entrepreneurs should concentrate on areas thar are the priority of the Centre or the state government.”

Bank drive

State Bank of India (SBI) chairperson Pratip Chaudhury on Saturday announced the recruitment of 2,000 people in assistant grade (clerk) in Bihar and Jharkhand.

He said while 1300-1400 people would be recruited in Bihar, the rest would be appointed to man the branches of the bank in Jharkhand. He said that the number of general manager rank officials in Patna circle has been increased from two to three.

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