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Naxal attacks cast shadow on investments

Attacks by Maoist rebels on mining and other commercial activities have cast an ominous shadow on investment plans.

india Updated: Sep 17, 2006 10:31 IST

Attacks by Maoist rebels on mining and other commercial activities in Chhattisgarh, Jharkhand and Orissa have cast an ominous shadow on investment plans by private players in these states.

Such is the reign of terror in these states, where the naxalites carried out 18 attacks between January and July, that business house are said to be seriously re-considering their investment plans.

The attacks on mining and related activities could cost Chhattisgarh and Jharkhand dear as both the states have bountiful mineral resources that can boost their economy and generate employment opportunities, officials said.

Statistics available with the Union Home Ministry reveal that between January one and July 31, Maoist rebels unleashed 18 attacks on mining and related activities in the three states.

Chhattisgarh bore the brunt, with 13 attacks reported from that state alone.

The fact that the Naxalites have been taking mine workers as hostages has the potential to cause further worry to business houses, the officials said.

First Published: Sep 17, 2006 10:31 IST