- Animal Husbandary
- Infrastructure - Road, residential houses, Railways, transportation et el.
The pretext has been that Govt does not have money since late sixties. Yet give aways have continued. The sale of electricity cheap to Hirakud Aluminum and Brajarajnagar Paper Mill are case in point. Due huge undue incentives and bad contract with to these private industries the Orissa State Electricity Board was at a perpetual loss while these Industries made roaring profits. The give away to these industries were not even compensated by the taxes they paid, draining the state coffer perpetually. I remember we were selling power at one paisa to Hirakud Aluminum while producing it at more than 15 paisa.
We are in the process of a second set up such contracts soon when POSCOs, Vedantas, Mittals set up their plants in Orissa and convert their MOUs to Contracts. We have jotted down as per the present MOUs free water, practically free Iron Ore, practically free coal, no taxes for 1st 5 years(when all the equipment will come in so no taxes) and then another 5 years of 50% taxes, almost free land (now getting changed to some extent) etc etc. The true value of these is staggering and mind boggling.
I have only calculated what it will costing Govt of Orissa(GOO) to go ahead as is for the currently mined Iron Ore and POSCO's plant. Here is my blog on the subject which is self explanatory: Unless the current MOU terms are nixed and Royalty raised our goose will be cooked. Best wishes, Sandip. http://mathtalentsearch.blogspot.com/2007/12/worlds-resources-are-limited-sandip-k.html