Bihar  creating  investment friendly environment in all sectors of industry

 By : PARTHA ROY

 

Bihar is rapidly changing and creating investment friendly environment  in all sectors of its economy to become rapidly growing state during Amrit Kaal .

 

A roadshow  of upcoming global Investors summit titled   

“Bihar Business Connect 2024 ”  and  Kolkata Investors’ Meet was organised by Government of Bihar in collaboration with Indian Chamber of Commerce ( ICC)  on 1st July 2024 in Kolkata. 

Global investors ‘ summit ” Bihar Business Connect 2024″ has been scheduled to be held in December 2024. 

 

Shri Nitish Mishra, Minister In-Charge, Department of Industries, Govt. of Bihar; Shri Sandeep Poundrik, Additional Chief Secretary, Department of Industries, Govt. of Bihar;    Shri Abhay Kumar Singh, IAS, Secretary, Tourism Department & Information Technology Department, Govt. of Bihar; Mr Ameya Prabhu, President, Indian Chamber of Commerce; Dr Rajeev Singh, Director General, ICC ; Mr Amit Saraogi, Anmol Feeds; and Mr Tushar Jain, Priority Bags. addressed the Investors’ Meet  and briefed the participants about scope and opportunities of Investment in Bihar. 

 

Shri Nitish Mishra said Bihar ‘s industrial scape is fast changing  and Government of Bihar in its efforts to bring new investment in the State , new incentives schemes are being developed in consultation with all stakeholders to promote  ” ease of doing business ” . Bihar  has adequate natural resources like water , coal , sunshine  which are critical for industrial development . Mishra mentioned large no. of well educated and skilled   human resource  are available in the State.  Workforce  which returned to the  state  during & after Covid have stayed back and exploring professional opportunities within the State. 

 

Shri Sandeep Poundrik,  Additional Chief Secretary, urged  investors to visit Bihar and witness the progressive changes it has undergone over the years and also explore the industrial areas of Bihar. Bihar economy is performing well.  The MSME ecosystem is also thriving. Bihar offers Investors market potential, connectivity, raw materials, infrastructure and location. Bihar is strategically located with a population of around 14 crore and the entire eastern region is growing rapidly. Bihar has  three airports, excellent roads, good train services and waterways, all contributing to superb connectivity. The highways are well-maintained. Bihar is renowned for Bhagalpur silk and produces significant amounts of silk, jute and leather products. Britannia has set up its second factory in Bihar . 85% of India’s makhana is produced in Bihar. Bihar  is third-largest producer of potatoes. Shri Sandeep Poundrik  assured  Investors that  Bihar government  pays all subsidies  to investors on time.

 

Shri Abhay Kumar Singh, IAS, Secretary, Tourism Department & Information Technology Department, Govt. of Bihar, said, “In Bihar’s Tourism Sector, we’re focused on enhancing Spiritual, Cultural and Eco-tourism across key locations like Gaya, Bodh Gaya, Nalanda, Rajgir, Vaishali and Valmiki Tiger Reserve. To support investors, we’re offering a 30% subsidy (up from 25%) for projects including resorts, hotels, theme parks, entertainment zones, thematic restaurants, ….”

 

Mr Ameya Prabhu, President, ICC, mentioned, Bihar has  emerged  as safe investment destination with adequate quality infrastructure .  Shri Prabhu deeply appreciated 

 Government of Bihar efforts of implementing  progressive changes in the state resulting into Job creation within  Bihar. High quality Data connectivity  and well trained low cost labour  makes Bihar  ideal destination for IT , ITES industries .Tourism is another sector where Bihar is experiencing tremendous growth. Shri Prabhu  said ICC and Bihar government will work together to usher in  new investment  and industries in Bihar to ensure all round development of the State. 

Dr Rajeev Singh, Director General, ICC, stressed ICC will extend all relevant support to Bihar government in its efforts to increase investment in the State.