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1 p.c. profit of major projects to fund local welfare initiatives

Staff Correspondent

To train local talent in trades required in the projects

DEHRA DUN: The Union Government has decided to roll back one per cent of the profit from major projects for development and welfare of the project area so that the locals also benefit from it.

Announcing this while laying the foundation stone of an engineering college and hydro power institute at Bhagirathi Puram in Tehri over the weekend, Union Power Minister Sushil Kumar Shinde said the institute when functional would be able to turn out local talent well versed in trades required in the project.

“Similar institutes will be established at all major projects,” he said.

Water flow in rivers

Expressing concern at decreasing water flows in rivers, Mr. Shinde urged the Uttarakhand Government to think of setting up thermal power stations also to meet the energy needs.

Welcoming Mr. Shinde, Chief Minister B.C. Khanduri said the new institute would go a long way in fulfilling the aspirations of the local youth. The State Government, he added, was trying to introduce demand-oriented courses in the ITIs so that the youths got jobs easily or were equipped to start their own enterprises.

Tehri Hydro Development Corporation Chairman and Managing director R.S.T. Shahi said the company was making all-out efforts to achieve the targets of power production. He hoped Tehri would soon be also known as a major water sports destination.

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