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Home > News > Power blow turns investors paupers > Power blow turns investors paupers

Power blow turns investors paupers [1]

The papad factory owned by Sudhir Agarwala at Soharoi near Raiganj. (Nantu Dey)

Raiganj, July 17: At least 80 entrepreneurs who had invested crores of rupees to set up small and medium scale industrial units in Raiganj are facing double blows.

First, the investors could not start production even two years after they had opened the factories as the government-run power distribution company has not given connections. Second, banks have sent notices to these industrialists warning them that further defaults on the payment of installments would result in their property being impounded.

Publication Date: 
18/07/2008
Telegraph (Kolkata) [2]
Tags:
Power Transmission [3], Raiganj [4]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/news/power-blow-turns-investors-paupers

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/power-blow-turns-investors-paupers
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/telegraph-kolkata
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/power-transmission
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/raiganj