Bihar to develop more industrial areas, 10,000 acres to be acquired in next fiscal: Dy CM

Patna, Dec 19 (PTI) Deputy Chief Minister Samrat Choudhary on Thursday said the Bihar government has purchased 8,000 acres of land during the current financial year for the development of industrial areas and An additional 10,000 acres of land will be acquired in the next financial year to attract investments in the state.

Addressing the inaugural session of the two-day Bihar Business Connect 2024, he said that the NDA government in the state is taking several measures to promote investments.

“During the current financial year, the relevant departments have acquired 8,000 acres of land in different parts of the state for the development of industrial areas. The government is preparing to acquire another 10,000 acres of land for this purpose in the next financial year,” Choudhary said. Hold Finance Portfolio, say.

“The Ministry of Industries along with several other relevant departments of the state government are providing a conducive ecosystem for overall industrial development in Bihar through appropriate policy interventions,” he added.

Choudhary said apart from the state government’s efforts, the Center is also working to connect Bihar’s 10 “smaller and unconnected” districts through air.

Four highways are also being developed in the state, which will be a game-changer for industrial development, he said, insisting that the country, as well as Bihar, was going through a “golden period”.

Additional deputy chief minister Vijay Kumar Sinha said India’s growth was incomplete without Bihar.

“Under the leadership of Prime Minister Narendra Modi and Chief Minister Nitish Kumar, Bihar is witnessing growth, especially in terms of industrial development,” he said.

Sinha said the state government recently approved the Bihar Film Promotion Policy, which will promote investment, employment and tourism through films and help change the perception of the state.

“We have the capability to take Bihar’s heritage to the world stage. Bihar’s filmmaking potential is huge. Bihar’s glorious past in the field of arts and culture and natural film treasures are enough to attract filmmakers. We Filmmakers are being invited to explore the state,” said Sinha, who heads the arts, culture and youth department.

He said the state government is also preparing to set up a film city and film training institute.

State Labor Minister Santosh Kumar Singh said on the show that Bihar is a hub for both skilled and unskilled workers.

“Bihar is considered the human capital capital of India as 60% of the population belongs to the working class. The state government has taken several measures for the welfare of both skilled and unskilled workers. The supply of labor is essential for industrial growth and development Necessary conditions.

Earlier, Industry Minister Bandana Preyashi said the state government will soon launch five new industry-specific policy incentives to attract investments in the state.

“We see Bihar as India’s next growth engine,” Preyasi said, noting that the state is known as the cradle of Indian civilization, the birthplace of Buddhism and home to the world’s oldest university. .

“Now, Bihar is writing a new story. Bihar – from a place of history to a place of industry,” she said.

She said that under Kumar’s leadership, the physical infrastructure as well as the law and order situation had improved significantly.

Preyashi said the state government has formulated the Bihar Industrial Investment Policy 2016, along with some sector-specific policies such as Bihar Entrepreneurship Policy, Bihar IT Policy, Bihar Logistics Policy, Textile and Leather Policy , Bihar tourism policy, export promotion policy and purchase price concession policy to promote development.

The policies have been appreciated by the industry, she said, adding, “We will be introducing more industry-specific policies soon.”

These include Bihar Food Processing Policy, Bihar Pharmaceutical Promotion Policy, Bihar Plastic Manufacturing Promotion Policy, Biofuel Production Promotion Policy and Bihar Wood Industry Policy, Preyashi said.

The state has created more than 3,000 acres of land bank to set up industry and provide about 2.4 million square feet of plug-and-play sheds, she said.

“We are now acquiring land in every district of Bihar. The government has given cabinet approval,” she said.

The minister said the government is focusing on promoting the development of startups and micro, small and medium enterprises (MSMEs).

The second Global Investors Summit aims to attract investments and create jobs, officials said.

The first meeting, held last year, saw the signing of investment proposals worth billions of dollars $505 billion rupees, they said. PTI MJH MBI ANZ RRM ANW PKD SOM