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Ficci to raise fund from abroad for Bihar flood victims

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:12 PM IST

Industry body Ficci is exploring possiblilities to raise funds from abroad for the Bihar flood victims and will ask the government to relax foreign currency regulation norms for the purpose.     

The foreign fund raising effort envisages tie-ups with NGOs, replicating the Gujarat model of relief work undertaken to help earthquake victims, where Ficci had managed to raise 22 million dollars.     

"The Chamber will urge the Finance Ministry to relax the Foreign Currency Regulation Act to allow inflow of foreign funds for aiding the relief and rehabilitation works," Member of Parliament and Ficci President Rajeev Chandrasekhar said.     

The industry body would also raise funds from Japan, Korea, Thailand and Singapore whose Buddhist pilgrims are regular visitors to Bihar, the chamber said.     

The chamber today released its action plan for Bihar relief, rehabilitation and river policy that aims at providing succour to the flood affected people and also strategies for the prevention of such occurrences in future.     

"The plan will undertake adoption of relief camps by big corporates," Chandrasekhar said adding corporates who produce packaged drinking water would be asked to donate in the relief camps.      

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Ficci would also look into the provision of providing shelters and income generation after the flood water recedes.     

The chamber would also take up the policy issues governing the India-Nepal River Waters Treaty.

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First Published: Sep 02 2008 | 6:21 PM IST

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