BOKARO: Though many investors are showing interest in setting up their firms in the Bokaro region of Jharkhand Industrial Area Development Authority (Jiada), the existing MSMEs, especially those that depend on orders given by Bokaro Steel Plant (BSL), are still struggling.
Although business is slowing picking up pace after a period of prolonged lull during the nationwide lockdown, traders are expecting special assistance and other cooperation from the state government in the next year to boost local employment. In this week, 38 new investors have applied for land in Bokaro region for setting up their units.
Of them, five companies, including a beer factory, have been allotted land while the rest of them were asked to participate in the online auction. President of Jharkhand Industries Association (Jia) Mahesh Kejriwal said, “The condition of MSMEs that are dependent on BSL is not good. They are not getting support from BSL.”