Monday, December 25, 2006

Bihar needs Rs 1,66,593 cr for GDP growth

Bihar Chief Minister Nitish Kumar said on Monday an investment of Rs 1,66,593 crore would be required for in Bihar during 11th five-year-plan for achieving a growth of 8.5 per cent in Gross Domestic Product (GDP).

The vision paper for the plan was approved by the state Cabinet. Kumar said that while Rs 58,310 crore would be collected through state resources, while Rs 1,08,283 crore would be mobilised from private investments.

During preparation of vision papers, special emphasis had been laid for improvement in health, water resources, education, industries and rural sectors, Kumar said.

He said the state government would soon take up an ambitious plan of interlinking of rivers in Bihar which would increase the availability of water for irrigation in the state.

Kumar added that he had urged the Centre for investment in oil refineries and petrochemicals in the state.

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