A big news has come out for industrial development in Bihar. Famous company Shyam Steel has proposed to make a huge investment of Rs 5000 crore in the state. This factory will be set up in Gaya district of Bihar. This step of the company is expected to provide direct employment to about 8000 people. The government believes that with the implementation of such big projects, the youth of Bihar will not have to wander to Arab countries or other states of India in search of work.
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Where will the plant be set up and what are the preparations?
Shyam Steel has planned to set up its new unit in Gaya-Dobhi Road Industrial Corridor. This area is near the Jharkhand border and is being developed as a large industrial area. The company has demanded 500 acres of land from Bihar government for this project.
Some main points of this plant are as follows:
Capacity: This plant will produce 10 lakh tonnes (1 MTPA) of steel every year.
resources: To run the plant, 50 MW of electricity and 20 lakh gallons of water will be required daily.
Raw Material: To make iron, iron ore will be procured from Odisha Mining Corporation and coal will be procured from Coal India.
Government’s ‘red carpet’ and workers’ return home
Bihar’s Industries Minister Dilip Kumar Jaiswal has made it clear that the government is laying ‘red carpet’ for investors, that is, they will be provided all kinds of facilities. Recently, Shyam Steel Director Lalit Beriwala has submitted his proposal to the Industries Department. Chief Secretary Pratyaya Amrit has also assured that there will be no delay in the land and paperwork.
Deputy Chief Minister Samrat Chaudhary has made a big announcement saying that Bihar government will implement ‘Preferential Procurement Policy’. This means that the companies which will set up factories in Bihar and manufacture goods will be given priority to buy their goods for government work. The main objective of the government is to stop those laborers who go to Gulf countries and do risky work. This investment is being considered as a big step towards the ‘homecoming’ of the workers of Bihar.