'Minerals must contribute to Vid economy via value addition' - The Hitavada

Business Bureau :

Manganese, coal and other minerals are the strengths of Vidarbha and must be allowed to ensure value-addition here itself so that they can contribute to the economy of Vidarbha, Rao said

VIDARBHA Economic Development Council (VED) has always been instrumental in identifying local strengths with the basic objective of bringing value-addition to local resources and in the process generating employment for local youth, disclosed Shivkumar Rao, President, VED. He said, “The establishment of a Ferroalloys Cluster locally is one such area. Like Mumbai port is a great asset for Mumbai and Pune helping the industries to grow. Similarly, manganese, coal and other minerals are the strengths of Vidarbha and must be allowed to ensure value-addition here itself so that they can contribute to the economy of Vidarbha.” P Maheshwari, Vice-President of VED, said, “Since decades manganese ore mines in Vidarbha have given employment to thousands of people at Kanhan and Tumsar, but two large ferroalloys plants have closed down leaving many jobless.”

“Effective and efficient utilisation of local resources and their sustained and environment-friendly usage are the main objectives behind the development of a Ferroalloys Cluster,” P Maheshwari said. “Around 20-30 years back, Nagpur and the surrounding areas of Vidarbha had the largest ferroalloys manufacturing hubs. The country’s well-known industrial houses invested huge amounts in Vidarbha, but all the units closed down...

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