'Policy paralysis at Centre hurting development'

Chhattisgarh CM Raman Singh said there was enough power in the state for all factories to run three shifts

Image
BS Reporter Raipur
Last Updated : Oct 07 2012 | 12:59 AM IST

Chhattisgarh Chief Minister Raman Singh today said policy paralysis at the Centre was hurting industrial development. “Policy makers are confused,” he said. He came down heavily on the “no-go” policy of the Union environment ministry, which has demarcated ecologically-sensitive areas where industry is not encouraged, and slammed the United Progressive Alliance government for failing to come up with a coherent mining policy even after being in power for eight years.

Singh was speaking at Samriddhi, the annual event of Business Standard Hindi, which aims to bring together representatives of the government, business and academia to brainstorm on local economic issues. This was the second edition of Samriddhi in Raipur.

Giving a snapshot of what his Bharatiya Janata party (BJP) government has done to attract investment in Chhattisgarh, Singh, a doctor by profession, said there was enough power in the state for all factories to run three shifts. Chhattisgarh has about 17 per cent of the country’s coal reserves and is surplus in power production. The state has held two roadshows – one each in Delhi and Bangalore – to attract investors. A global meeting of investors is slated to be held in Naya Raipur, the new capital of the state, on November 2-3, in which businessmen are expected to announce investment plans for Chhattisgarh.

Talking about the rail corridors that would connect the mines and industrial pockets with rail lines, Singh said the railway ministry had some reservations when the state moved the proposal, especially about funding the Rs 10,000-crore project, yet he was able to convince the authorities to go ahead with it. “We made it clear that we don’t require fund, and the project will be completed on public-private partnership model,” Singh said.

In addition, Singh said the public sector should not be guided by profits alone, and raw minerals should not be exported. “In Chhattisgarh, we don’t allow traders to mine iron ore. Only those who can do value addition are allowed to mine,” he said. He also supported the proposed Food Security Act, which seeks to ensure a fixed amount of grain and pulses to all poor households at subsidised prices.

He said Chhattisgarh’s annual budget of Rs 40,000 crore was inadequate and it needed to be raised to Rs 100,000-150,000 crore.

Singh spoke for over an hour at the event. When asked if he was in the race to become the prime minister of the country after the 2014 general elections, he said there were other people in the country more capable than him to do the job. “I am just a small servant of a small state,” he added. “I am more worried about the 2013 elections in my state.” The chief minister also said he did not expect the general elections to be held earlier than 2014, because most political parties are not prepared for it.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 07 2012 | 12:59 AM IST

Next Story