India International SugarCon 2011 in Bihar for the first time: 12th September
Patna: according to a recent report, the India International SugarCon 2011 is being held in Patna, Bihar on September 12. Organized by Indian Chamber of Commerce and supported by the state government, the event aims to promote private investment in the sugar industry in the state.
Sugarcane industry department principal secretary C.K. Mishra told the press ‘We would use the event to showcase the state’s potential for those looking to invest in this sector.’ The principal secretary stated that Bihar will try to use the occasion to acquire information about the latest techniques used by other states in sugarcane farming. One of the sessions during the meet would be devoted to precisely this aspect and farmers and experts from the participating states would take part in it. Indian Chamber of Commerce has extended invitation to Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra and Uttar Pradesh for taking part in the conference. Maharashtra has confirmed its participation in the event being organised in Bihar for the first time.
It is also proposed that the Indian Chamber of Commerce should collect information about the closed sugar factories the state government was trying to revive through private investment. Detailed information about these closed sugar factories would be sent to the investors of the participating states so that they are fully informed on the investment opportunities before coming to Bihar for the event.
Among the 15 factories owned by Bihar State Sugar Corporation (BSSC) six sugar factories — at Lauria, Sugauli, Bihta, Motipur, Raiyyam and Sakri — have been taken over by private investors. Out of these six factories, production has started in Lauria and Sugauli sugar factories while renovation work is on in the remaining four factories.
The state government invited bids thrice for the remaining nine factories at Guraru, Warsaliganj, Goraul, New Siwan, Siwan, Hathua, Samastipur, Banmankhi and Lohat, but could not find bidders for them. There are plans to invite fresh bids for the closed factories of BSSC all over again. These are the factories to be promoted among prospective investors during the event as these sites are problem-free regarding land and other facilities.