TV
The Bihar government is preparing to establish special industrial zones across the state, inspired by the success of the investors' meet, which resulted in proposed investments worth Rs 1.81 lakh crore, according to a senior official.
Industrial Zones with Tailored Designs
Speaking to PTI, Industries Secretary Bandana Preyashi stated that these zones will be comprehensively designed and focused on specific types of products. She emphasized that the zones would be set up in almost all districts of Bihar, taking into account the potential of each area.
Focus on Agricultural Produce, Handicrafts, and Labour Availability
Preyashi mentioned that the special industrial zones will be designed with the local agricultural produce and existing handicraft activities in mind. The availability of labor in each zone will also be considered to ensure optimal growth.
The zones will be tailored for certain industries. For example, dedicated zones are being planned for toys and plastic products in Begusarai and West Champaran districts. Additionally, a specialized manufacturing zone for pharmaceutical products is planned in Hajipur, Vaishali district.
Final Stage of New Industrial Policy
Preyashi also revealed that the preparation of the state's new industrial policy is nearing completion, and it will be announced soon. This policy will guide the development of the special industrial zones.
The decision to establish the industrial zones comes after the success of the Bihar Business Connect 2024, held in December. Preyashi highlighted that under the leadership of Chief Minister Nitish Kumar, Bihar is poised to become a significant growth engine for the country. The state government is committed to converting Memorandums of Understanding (MoUs) into tangible investments within a year.
Dedicated Nodal Officers to Assist Investors
To facilitate the implementation of the MoUs, the government has appointed one nodal officer for every five to ten MoUs signed during the summit. These officers will assist investors in securing land and obtaining necessary clearances, offering 24/7 support. The progress of these investments is regularly reviewed by the concerned authorities.
Major Investment Commitments Signed at Summit
During the summit, 423 companies signed investment commitments. Among them, Sun Petrochemicals is interested in investing Rs 36,700 crore in renewable energy projects, while the Adani Group has committed to investing Rs 28,000 crore to set up a thermal power plant, expand cement production, and invest in food processing and logistics.
The maximum investment proposals, amounting to Rs 90,734 crore, were in the renewable energy sector. Additionally, 57 proposals worth Rs 55,888 crore were made in general manufacturing, and 70 proposals valued at Rs 13,663 crore were made in food processing.
A total of 142 MoUs were signed in urban infrastructure, with investment proposals totaling Rs 5,566 crore.
(With PTI Inputs)
