Banks urged to shed negative attitude towards industries

Industries Minister Renu Kumari Kushwaha on Saturday appealed to all stakeholders to have a positive approach towards rehabilitation of viable sick industries and said the banks, in particular, should shed their negative attitude in providing loans to the fledgling industries . Addressing a seminar on "Rehabilitation of Sick and Closed Industrial Units in Bihar" at the Bihar Industries Association (BIA) auditorium here, she said that in the changed scenario, every stakeholder had the responsibility to get Bihar on the track of industrial development. She said industrialists should also utilise the loans for the growth of their units and not divert them as was done in some cases. Bihar Industrial Area Development Authority 's plots should be utilised only for running industries and not for doing trade. BIA, led by its president SP Sinha, presented a background paper on the causes of sickness of industries and the measures needed to revive them. BIA secretary general Sanjay Goenka submitted to the principal secretary, industries, and other officials, the papers relating to some "viable sick industrial units" that could not be rehabilitated earlier despite being recommended for the same by a high-level committee. Many such entrepreneurs narrated their plight to the minister. Principal secretary, industries, C K Mishra, stressed the need for attitudinal changes among bankers for removing sickness of industries. He said entrepreneurs should also have the determination to run their industrial unit overcoming all odds. RBI's Regional Director G Mahalingam said the CD ratio of banks will improve if banks advance industrial loans. He assured to look into the genuine demands of industrialists for revival of their sick units.