Tuesday, December 12, 2023

Ailing units of Adityapur welcomes Raghubar’s coronation

Jamshedpur : As many as 60 non-performing units in the Adityapur industrial area are facing eviction threat.

The Adityapur Industrial Area Development Authority (Aiada) had last month commissioned a special survey to identify ailing units and strip them of allotted acres, which could be used for new projects.

The survey team submitted its interim report to Aiada� marking 60 of the 1,200 units as non-performing or sick. The exercise will be complete in the another 15 days.Of the 60 units, eight are large-scale industries while 22 fall in the medium category. The remaining 30 include small-scale industries and land where industries haven�t been set up yet. Aiada hopes to recover some 288 acres from these 60 units.

Suresh Sonthalia, President of Singhbhum Chamber of Commerce and Industry,� also said that power and roads are some of the important issues concerning the industrial area. At a time when most of the units are facing the slump steps need to be taken to improve the overall situation in the Singhbhum districts.

The expansion of the industries in the Adityapur industrial area has got hit severely with nearly Rs 700 crore investments getting hampered so far, in the current fiscal year. The Adityapur Industrial Area Development Authority (AIADA), the principle body overseeing the land acquisition exercise has failed to deliver as far as acquiring land for the industries is concerned.

It may be noted that the sprawling Adityapur Industrial Area houses 900 units- including 11 large-scale, 64 small scale and 166 tiny industries. A few important industries that has global presence are Usha Martin Group, RSB Group, Tata Steel Growth Shop(TGS) etc. too situated in this industrial belt, situated in Seraikela-Kharsawan.

There are 20 industries, which export its products to the USA, Australia and other European countries. Industrialists of Kolhan belonging to rich industrial districts of East Singhbhum, West Singhbhum and Seraikela Kharswan are pinning hopes on the formation of new Government in the State. The mood is upbeat in the industrial belt after Raghubar Das was elected as the leader of the ruling party.

According to the industrial areas of Adityapur, Ghamharia, Kandra and Chandil issues like poor roads, lack of bridges, water and erratic power supply are some of the key issues that need to be addressed. The entrepreneurs are hopeful that the newly formed Government would work for their betterment.

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