Investors urged to visit Bihar, make good use of friendly policies

Bihar Investors Meet 2023: Plug & play facilities are being set up on 24 lakh square feet area in 13 industrial areas, where Industrialists can start production within a few days

Bihar Investors Meet

Patna: Bihar industries minister Sameer Kumar Mahaseth on Saturday called upon the investors to visit the state and plan their investment after assessing the infrastructure and industrial-friendly atmosphere here.

Mahaseth was speaking at the Bihar Investors Meet 2023, organized by the state industries department, where in more than 200 investors and industrialists from across the state took part. “The industrial scenario of Bihar is excellent. Come here, see, know, understand. After that you form your opinion,” he exhorted.

Bihar Investors Meet
More than 200 entrepreneurs from Bihar and the country took part in the event

The investors’ meet has been organized with the aim of giving better information to the entrepreneurs about the industrial policies of Bihar and to encourage them to invest. “Bihar has to be taken forward in the field of employment. The people of Bihar, who are powering various sectors in the country and abroad. Bihar is a land of possibilities. If everyone makes efforts together, Bihar will move forward,” added the minister.

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Mahaseth appealed to the people to prefer setting up industries instead of looking for jobs for them. “If we set up industries, we will give employment to hundreds of others. This will give prestige in the society,” he said, adding that allotment of land is done in a transparent way and banks are willing to help out.

In the inaugural session, additional chief secretary, industries, Sandeep Poundrik detailed about information about Bihar’s industrial policies and land available in industrial areas. He said that plug and play of about 24 lakh square feet is being made in 13 industrial areas. “Industrialists can start production within a few days by installing their machines. In Muzaffarpur’s bag cluster and textile cluster, many entrepreneurs started production within 40 to 45 days,” added Poundrik.

Bihar Investors Meet
Plug & Play industrial sheds getting ready in Industrial Area, Kumarbagh, W Champaran, with shed on 40,000 to 50,000 sq ft, likely to be ready by June-July 2023

Bihar chief secretary Amir Subhani, at the concluding session of the investors’ meet, said that Bihar’s road network is excellent. “We are able to supply uninterrupted power to the industries. Electricity is being supplied by dedicated fitters in the industrial areas of Bihar Industrial Area Development Authority (Biada). Bihar also has a good railway network and has three airports within the state,”

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Poundrik appealed to the entrepreneurs to take full advantage of the industrial policies of the Bihar government and make full use of the local potential. “Make an ambitious plan and implement it. Every kind of help will be received from the state government. Make yourself happy by setting up industry, make your family happy and take the state forward on the path of progress,” added the ACS, industries.

In the second session of the meet, B Rajender, principal secretary, agriculture, gave detailed information regarding investment in agriculture sector and value addition of agricultural products. Director of food processing Vivek Ranjan Maitreya explained the possibilities in the field of food processing industries.

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Shiv Om Dixit, chief general manager, State Bank of India, and Sudhanshu Shekhar Das, zonal manager, Punjab National Bank, briefed about the bank linkages to the investment. Indian Oil officials explained about the opportunities available in the petrochemical sector. In the end, vote of thanks was proposed by industry director Pankaj Dixit.

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